[TrueX trading platform enables PayPal stablecoin PYUSD for settlement] Golden Finance reported that TrueX exchange announced that it would enable PayPal's PYUSD stablecoin as the default settlement currency. TrueX was founded by two former Coinbase executives and developed by its parent company True Markets. It will launch trading functions within a few weeks, starting with spot trading of several mainstream cryptocurrencies. PYUSD is the fourth largest stablecoin in the world by market value after USDT, USDC and DAI. TrueX is only open to institutional investors, and transaction settlement is handled by Paxos, the issuer of the stablecoin. In the future, the platform plans to add more stablecoin settlement options and trading services. True Markets previously completed a $9 million seed round of financing, with investors including Paxos, the Solana Foundation and Aptos.