Summary
- Cyclops said it has secured a strategic investment worth $8 million.
- It said the investment round included Castle Island Ventures, F-Prime and Shift4 Payments.
- Cyclops said it is developing a stablecoin settlement and digital-asset payments platform for payments companies.
Forecast Trend Report by Period
Stablecoin payments startup Cyclops has secured strategic funding.
According to crypto media outlet The Block on the 4th (local time), Cyclops raised $8 million. Participants in the round included Castle Island Ventures, F-Prime and Shift4 Payments.
Cyclops is developing a platform that enables payments companies to use stablecoin settlement and digital-asset payment capabilities without having to build or maintain separate blockchain infrastructure.
The company plans to use the platform to help merchants adopt digital asset-based payment capabilities more easily.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
