Two former senior employees at
Coinbase Global Inc. are launching a cryptocurrency platform called TrueX that will use PayPal Holdings Inc.'s stablecoin as its preferred trading token. Before co-founding TrueX, Vishal Gupta was head of exchanges at
Coinbase. He oversaw the launch of the USDC stablecoin during his tenure at Circle Internet Financial Ltd. Patrick McCreary previously worked as a senior engineer at Coinbase. Both worked at Goldman Sachs Group.