TrueEx: Cryptocurrency Exchange Emerges from Coinbase Veterans, Fueled by PYUSD

IconCryptoNewsTerminal Staff18 Sep, 2024

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TrueEx: Cryptocurrency Exchange Emerges from Coinbase Veterans, Fueled by PYUSD

TrueEx, a novel cryptocurrency exchange, has entered the scene under the stewardship of former Coinbase executives Vishal Gupta and Patrick McCreary. Notably, TrueEx will revolve around PayPal's stablecoin, PYUSD, which is pegged to the U.S. dollar. This move is intended to enhance accessibility for U.S.-based institutions and select international institutions seeking cryptocurrency trading services. TrueEx aims to carve a niche in the market by leveraging PYUSD's stability and regulatory compliance.