Cyclops raises $8 million, with participation from Castle Island Ventures and others.

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On March 4, according to Fortune, stablecoin infrastructure company Cyclops announced the completion of an $8 million funding round, with the valuation undisclosed. Investors included Castle Island Ventures, F-Prime, and Shift4 Payments.

Cyclops is dedicated to building an infrastructure layer to accelerate the adoption of stablecoins. Cyclops co-CEO Alex Wilson stated, "Our vision and goal is to become the platform of choice for payment companies when building various stablecoin solutions."

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