Golden Finance reports that TrueX exchange has announced the use of PayPal's PYUSD stablecoin as its default settlement currency. Founded by two former Coinbase executives and developed by parent company True Markets, TrueX is set to launch trading functionality within weeks, initially offering spot trading for several major cryptocurrencies. PYUSD is the fourth-largest stablecoin globally by market capitalization, following USDT, USDC, and DAI. TrueX is exclusively open to institutional investors, with trading settlements handled by stablecoin issuer Paxos. In the future, the platform plans to add more stablecoin settlement options and trading services. True Markets previously secured $9 million in seed funding from investors including Paxos, Solana Foundation, and Aptos.