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Deep Tide TechFlow News, March 4th, according to Fortune, stablecoin infrastructure company Cyclops announced the completion of an $8 million funding round, with investors including Castle Island Ventures, F-Prime, and Shift4 Payments.
Cyclops is dedicated to becoming the preferred platform for payment companies to build stablecoin solutions, providing blockchain technology support for enterprises, enabling 24/7 real-time settlement, and avoiding the time constraints and delays of traditional financial systems. The company was co-founded by Alex Wilson, Pat Duffy, and David Johnson, currently has 20 employees, and generates revenue through transaction fees.