TrueX is launching as a new crypto exchange focused on stablecoin trading, aiming for a more connected environment between fiat and digital assets.
Gupta remarked, 'We just rethought the entire thing,' indicating their innovative approach in building TrueX around stablecoin structures.
The strategy employs PayPal's PYUSD for settlements initially, but TrueX plans to allow traders to swap among various stablecoins flexibly.
With TrueX, the ambition is to foster a robust trading ecosystem that enhances interactions across different types of stablecoins, unlike others before it.
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