A team of former Coinbase executives will launch a digital asset exchange using PayPal’s stablecoin as its form of settlement. On Sept. 18, True Markets unveiled TrueX, a crypto platform advertised as a “non-custodial,

Two former high level Coinbase Global Inc. employees are launching a cryptocurrency platform called TrueX that will use PayPal Holdings Inc.’s stablecoin as its preferred token for transactions.

Founded by former Coinbase head of exchange Vishal Gupta, TrueX will use PayPal's stablecoin as its default settlement currency.

TrueX, a new cryptocurrency exchange, has been launched that will be focusing on stablecoin-based trading and settlement.

Given the growing utilization and expanding development of stablecoins it should come as no surprise that the TradFi sector has come together to launch a stablecoin-centric exchange: TrueX. Let’s take a look at two of the items that investors should watch as this exchange takes form and launches.

Former Coinbase executives launch TrueX, a stablecoin-native exchange using PayPal's PYUSD for secure and efficient transactions

Former Coinbase executives Vishal Gupta and Patrick McCreary announced the debut of non-custodial, stablecoin-focused exchange TrueX.The exchange segregates order matching and custody while promising security of both processes.