TrueX, a stablecoin-native cryptocurrency exchange, completed US$11 million in Series A financing, led by Accomplice and others
According to online reports, stablecoin-native cryptocurrency exchange TrueX announced the completion of US$11 million in Series A financing, led by Accomplice and RRE Ventures, and Reciprocal Ventures, Variant and payment giant PayPal participated. The new funds are intended to be used to support external custodians such as Paxos Custody for asset protection. Currently, TrueX uses PayPal stablecoin PYUSD as its preferred trading token. Paxos provides third-party custody services for TrueX users. Its services are expected to be first open to U.S. institutions and some international institutions in certain regions.
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