Coinbase converts USDT and DAI into USDC on October 30: the swap restarts the one-year holding period

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.On October 30 Coinbase will convert the remaining USDT, DAI and PYUSD balances in the European Economic Area into USDC. The swap counts as a disposal under section 23 of the German Income Tax Act, and the one-year clock starts again for the new balance.If you still hold USDT, DAI or PYUSD at Coinbase in the European Economic Area, you face a decision with two different tax outcomes. On October 30, 2026 the exchange will automatically convert the remaining balances of these stablecoins into USDC. Under German law this forced swap counts as a disposal: it realises a gain or a loss, and for the USDC you receive, the one-year holding period starts from scratch. Withdraw the tokens yourself beforehand and you keep your original acquisition date. This article sets out what each route triggers, how a gain on a stablecoin arises at all, and which records the tax office wants to see. The news itself has been on this site since October 10: Coinbase delists USDT and DAI on October 30, with...