Coinbase Execs Embrace PayPal's PYUSD at TrueX Crypto Exchange

Wednesday, 18 September 2024, 10:49

Coinbase executives are now using PayPal's PYUSD as the default settlement currency at TrueX, a new crypto exchange. This strategic move could position TrueX as a formidable player in the crypto exchange market. With USDC and PYUSD gaining traction, the landscape of crypto exchanges is evolving rapidly.
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Coinbase Execs Embrace PayPal's PYUSD at TrueX Crypto Exchange

Why Coinbase Executives Choose PayPal's PYUSD

The former Coinbase team has decided to adopt PayPal's PYUSD stablecoin, marking a significant transition in the way they approach crypto trading. This decision enables a more streamlined trading process on their new platform, TrueX.

Benefits of Using PYUSD

  • Enhanced liquidity for traders.
  • Lower volatility compared to other cryptocurrencies.
  • Integration with established payment systems.

Looking Ahead at TrueX

With PayPal's PYUSD becoming the default currency, TrueX aims to attract a diverse user base. The synergy between USDC and PYUSD could redefine trading strategies in a competitive market.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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