A team of former Coinbase employees has secured $11 million to launch True Markets, a stablecoin-focused decentralized finance (DeFi) app designed for mobile users. The app offers real-time execution and self-custody on the Solana blockchain. 📈
Founded by Vishal Gupta and Patrick McCreary, who served as head of exchange and senior engineering leader at Coinbase respectively, True Markets targets a more transparent and efficient experience compared to current DeFi platforms.
The app has received funding from prominent venture capital firms like Accomplice, RRE Ventures, Reciprocal Ventures, Variant Fund, and PayPal Ventures. 💰
True Markets enables on-chain token trading with stablecoin settlement and a non-custodial approach. It supports top Solana-native assets at launch with plans to expand into centralized finance markets in the future. 🗺️
True Markets emphasizes real-time market information, supported wallets from Turnkey, and smart order routing powered by Definitive. 🙌