USD-based stablecoin producer TrustToken hires former Coinbase exec Vaishali Mehta

California-based cryptocurrency exchange platform Coinbase has lost yet another executive, CoinDesk reports. Vaishali Mehta has joined the ranks of high ranking company employees who have decided to depart from the industry unicorn within the past few months. Mehta, who was previously Coinbase's Senior Compliance Manager, will now join the TrueUSD stablecoin producer TrustToken as Head of Compliance.

“Crypto is an exciting place and I have been lucky to have been a part of this ‘madness,'” Mehta told CoinDesk. “I really related to TrustToken’s vision to foster a new financial future which is resilient to fraud, failure and greed.”

Mehta’s previous experience includes four years of anti-money laundering work for Deutsche Bank as Head of BSA/AML at their New York office. Her new employer has started 2019 strong, with their USD-backed stablecoin’s market cap exceeding $200 million this Thursday. Last month, TrustToken successfully passed three independent smart contract security audits, with no vulnerabilities found in the process.