Cyclops Raises $8 Million in Funding to Advance Stablecoin Payment Infrastructure

Cyclops, a US-based stablecoin infrastructure startup, has raised $8 million in funding from investors including Castle Island Ventures, F-Prime, and payments company Shift4 Payments. Valuation was not disclosed. Cyclops provides stablecoin settlement technology to merchants in sectors such as airlines and hotels, as well as payments companies. It is currently partnering with helicopter travel company Blade and Blue Origin, among other merchants using Shift4, to provide a "technology pipeline" for their 24/7 stablecoin settlements.