Former Coinbase Employees Launch Crypto Platform TrueX and Complete $9 Million Funding
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September 18, 2024
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TrueX: A New Crypto Platform Using PayPal's Stablecoin
Coinbase Global Inc. alumni, Vishal Gupta and Patrick McCreary, are launching a cryptocurrency platform called TrueX. This platform will use PayPal Holdings Inc.'s stablecoin as its primary trading token.
Before co-founding TrueX, Gupta was the head of exchange at Coinbase. He previously oversaw the launch of the USDC stablecoin during his time at Circle Internet Financial Ltd. McCreary was a senior engineer at Coinbase. Both individuals have prior experience at Goldman Sachs.
Paxos is among the investors in the startup's seed funding round, where TrueX raised $9 million from venture capitalists like RRE Ventures and Hack VC.
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