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Stablecoin native crypto assets exchange TrueX has completed a $11 million Series A funding round, led by Accomplice and RRE Ventures.
ChainCatcher news, the stablecoin native crypto assets exchange TrueX has 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 asset protection for external custodians such as Paxos Custody. Currently, TrueX uses PayPal stablecoin PYUSD as its preferred trading token, and Paxos provides third-party custody services for TrueX users, with the services expected to be initially available to U.S. institutions and some international institutions in certain regions.