💱Former Coinbase Execs Debut Stablecoin Exchange and PayPal USD Settlement Network

The exchange is "leveraging the power of stablecoins to facilitate efficient liquidity and settlement solutions,” said Vishal Gupta, CEO of TrueX.

TrueX, founded by a former Coinbase exec, has launched True Market, a stablecoin-native and non-custodial crypto trading platform. The company has also completed a $9 million seed funding from investors including Solana Foundation, Aptos, Paxos, and others. The platform features PayPal's PYUSD as the preferred stablecoin for settlements.

Founded by former Coinbase, Circle, and Goldman Sachs executives Vishal Gupta and Patrick McCreary, TrueX represents the flagship product of True Markets, a non-custodial platform offering innovative liquidity solutions.

TrueX uses Paxos for its infrastructure—the same firm that previously issued Binance USD (BUSD) and now oversees PYUSD.