New Exchange, TrueX, Chooses PayPal’s PYUSD for Stablecoin Transactions

TL;DR TrueX, the new cryptocurrency exchange, will use PayPal’s PYUSD as its primary token for transactions. The exchange is targeted at institutional investors in the United States and select markets. TrueX has secured $9 million in initial funding. Paxos will provide custody and backing for the PYUSD token. Two former Coinbase executives, Vishal Gupta and ... source: https://crypto-economy.com/new-exchange-truex-chooses-paypals-pyusd-for-stablecoin-transactions/