Cryptocurrencies
Ex-Coinbase Workers Start Stablecoin Focused Crypto Exchange
- TrueX will settle trades in PYUSD, the stablecoin from PayPal
- Founders previously worked at Coinbase, Circle and Goldman
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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.
Prior to co-founding TrueX, Vishal Gupta was the head of exchange at Coinbase. He oversaw the launch of the USDC stablecoin while at Circle Internet Financial Ltd. Patrick McCreary previously served as a senior staff engineer at Coinbase. Both also worked at Goldman Sachs Group Inc.