Former Coinbase Execs Adopts PayPal’s PYUSD For New Exchange

Quick Summary:

Two Former Coinbase employees, Vishal Gupta and Patrick McCreary, have launched a stablecoin-focused exchange named TrueX.

The platform has adopted PayPal’s PYUSD for its operations ahead of the USDC stablecoin, which Gupta helped launch while working at Coinbase.

By doing this, the crypto exchange aims to separate execution and custody for unmatched efficiency and transparency.

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Article Details

Author / Journalist: Boluwatife Adeyemi

Category: Crypto

Markets: IndiaBrazilMexicoSingapore

Topics: Crypto exchange Coinbase Stablecoin News PayPal USDC Exchange News 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-18 @ 13:29:10 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 551 words

Reading Time: 4 minutes read

Sentences: 46 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22580095

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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Year Established: 2017

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News Last Updated: 9 hours ago

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