Stablecoin native cryptocurrency exchange TrueX completes $11 million Series A funding, led by Accomplice and others

According to Golden Finance, stablecoin native cryptocurrency exchange TrueX announced the completion of a $11 million Series A funding round, led by Accomplice and RRE Ventures, with participation from Reciprocal Ventures, Variant, and payment giant PayPal. The new funds are intended to support external custodians such as Paxos Custody for asset protection. Currently, TrueX uses PayPal's stablecoin PYUSD as its preferred trading token, and Paxos provides third-party custody services for TrueX users. It is expected that its services will first be open to US institutions and some international institutions in certain regions.