Stablecoin native cryptocurrency exchange TrueX completes $11 million Series A financing, led by Accomplice and RRE Ventures

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According to ChainCatcher, the native stablecoin cryptocurrency 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 external custody providers like Paxos Custody for asset protection. Currently, TrueX uses PayPal's stablecoin PYUSD as its preferred trading token, with Paxos providing third-party custody services for TrueX users. The service is expected to first open to US institutions and some international institutions in certain regions.

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