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<ul class="wp-block-list news-points">
 <li>TrueX’s Focus on PayPal’s PYUSD Aims to Offer Stable Trading Solutions</li>
 <li>Ex-Coinbase Executives Bring Expertise to TrueX, Targeting Institutional Users</li>
 <li>TrueX Secures $9M Funding, Partners with Paxos for Secure Asset Management</li>
</ul>
Two former Coinbase executives have teamed up to create a new cryptocurrency exchange called TrueX. This platform will primarily use PayPal’s stablecoin, PYUSD, as its main operating token. The venture aims to utilize their deep experience in the crypto and financial sectors to bring innovation to the digital currency world.
<h2 class="wp-block-heading" id="h-experienced-leadership-at-the-helm">Experienced Leadership at the Helm</h2>
Vishal Gupta, who previously <a href="https://www.bloomberg.com/news/articles/2024-09-18/ex-coinbase-employees-launch-stablecoin-focused-crypto-exchange" target="_blank" rel="noopener noreferrer nofollow">headed the exchange division</a> at Coinbase, and Patrick McCreary, a former senior staff engineer at the same company, are the co-founders of TrueX. Both Gupta and McCreary have a wealth of experience from their past roles, including time spent at Goldman Sachs.
Gupta played a key role in the launch of the USDC stablecoin while at Circle Internet Financial Ltd., bringing valuable knowledge to the new project. Their combined experience positions TrueX as a strong contender in the ever-changing cryptocurrency market.
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The post <a href="https://coinedition.com/ex-coinbase-execs-launch-truex-exchange-backed-by-paypals-pyusd/" rel="noopener noreferrer nofollow">Ex-Coinbase Execs Launch TrueX Exchange, Backed by PayPal’s PYUSD</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Ex-Coinbase Execs Launch TrueX Exchange, Backed by PayPal’s PYUSD

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