Cyclops, a stablecoin infrastructure startup, has raised $8 million from Castle Island Ventures, F-Prime and Shift4 Payments.
Cyclops helps payment companies adopt stablecoins. Cyclops co-CEO Alex Wilson (알렉스 윌슨) said the goal is to become the platform payment companies think of first when they build stablecoin solutions.
Fortune reported that New York-based Blade, which provides helicopter airport transfer services, is one of Cyclops' customers. Cyclops serves as the technology infrastructure when Blade processes payments in stablecoins. Cyclops also provides stablecoin infrastructure to Shift4, which participated in the investment.
Cyclops has partnerships with payment processing companies such as Fiserv and Global Payments, and plans to pursue cooperation with payment networks such as Visa, Mastercard and American Express.
Chi-gyu Hwang
delight@d-today.co.kr