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CoinGape

Former Coinbase Execs Launch Exchange, Adopts PayPal's PYUSD

CoinGape
Summary
Nutrition label

65% Informative

Two ex-Coinbase employees, Vishal Gupta and Patrick McCreary , have launched a stablecoin-focused exchange named TrueX.

The exchange will focus on Stablecoin trading and has adopted PayPal 's PYUSD as its default currency.

Gupta helped launch the USDC stablecoin, which he helped launch while working at Coinbase .

This launch of the TrueX exchange could provide a major boost for PayPal ’s PyUSD as it looks to steal market share from USDT and USDC .

VR Score

47

Informative language

38

Neutral language

6

Article tone

formal

Language

English

Language complexity

45

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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