TrueX Secures $9 Million Funding Led By RRE Ventures And Hack VC

According to Odaily, cryptocurrency trading platform TrueX has successfully completed a $9 million funding round, with participation from RRE Ventures and Hack VC. TrueX has chosen PayPal's stablecoin PYUSD as its preferred trading token. Paxos, the issuer of PYUSD, will provide third-party custody services for TrueX users. Initially, TrueX will be available to U.S. institutions and select international institutions in certain regions.