Cyclops Raises $20 Million to Accelerate Stablecoin-Powered Payment Settlements

Payment infrastructure startup Cyclops has raised $20 million in a funding round. According to Odaily, the company aims to help payment firms use stablecoins to accelerate fund settlements. Cyclops optimizes cross-border and traditional payment processes through stablecoins to improve settlement efficiency and reduce costs, while promoting the adoption of stablecoins in enterprise payments and financial infrastructure.