Cyclops Raises $20 Million to Scale Stablecoin Platform for Payments Firms

Cyclops raised $20 million in a Series A funding round to accelerate the development of its stablecoin rails for the payments industry. The firm enables payments companies to onboard with a single partner and use one API to access stablecoin settlement, pay-ins, payouts and treasury optimization across global corridors, according to a Wednesday (July 15) press release . With dozens of partners and more than 100 global licenses, the company provides product and license redundancy in all major mar