Cyclops Secures $8 Million in Funding for Stablecoin Infrastructure

Cyclops, a project focused on stablecoin infrastructure, has successfully raised $8 million in a recent funding round. According to NS3.AI, the investment was spearheaded by Castle Island Ventures, with additional contributions from F-Prime and Shift4 Payments. While the company has not disclosed specific valuation details, the funding is expected to bolster Cyclops' efforts in developing and expanding its stablecoin infrastructure.