Cyclops Raises $8 Million with Participation from Castle Island Ventures

BlockBeats News, March 4, According to Fortune report, stablecoin infrastructure company Cyclops announced the completion of an $8 million financing round, with valuation undisclosed, with participation from Castle Island Ventures, F-Prime, and Shift4 Payments, among others.

Cyclops is committed to building a layer of infrastructure to accelerate stablecoin adoption. Cyclops Co-CEO Alex Wilson stated: "Our vision and goal is to be the preferred platform that payment companies think of first when building various stablecoin solutions."