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The native stablecoin crypto assets exchange TrueX has completed a $11 million Series A financing, led by Accomplice and others.
Golden Finance reports that the stablecoin native crypto assets exchange TrueX has announced the completion of a $11 million Series A financing, led by Accomplice and RRE Ventures, with participation from Reciprocal Ventures, Variant, and payment giant PayPal. The new funds will be used to support external custodians such as Paxos Custody in asset protection. Currently, TrueX uses PayPal stablecoin PYUSD as its preferred trading Token. Paxos provides third-party custody services for TrueX's users, and its services are expected to be initially available to U.S. institutions and some international institutions in certain regions.