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.
Ex-Coinbase Executives Launch Crypto Exchange
Gupta and McCreary announced the debut of their TrueX crypto exchange at the ongoing Token2049 conference in Singapore. Gupta mentioned on his X platform that TrueX will be a non-custodial, stablecoin-native exchange revolutionizing the crypto markets. The crypto exchange represents the flagship product of True Markets, a platform set to offer markets and liquidity as a service globally.
TrueX will feature a matching engine that facilitates price discovery and matches buy and sell orders. The platform will not control any of the assets and will simply ensure that transactions are completed using stablecoins.
The TrueX founders had previously worked at Coinbase. Gupta worked as t
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