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Stablecoin infrastructure startup Cyclops raises $8 million

Stablecoin infrastructure startup Cyclops raised $8 million from Castle Island Ventures, F-Prime and Shift4 Payments. Cyclops provides technology that helps payment companies adopt stablecoins, and its co-CEO said it aims to be the first platform payment firms think of when building stablecoin solutions. Fortune reported that New York-based Blade is a customer. Cyclops partners with processors including Fiserv and Global Payments.