Cyclops Lands $20M to Expand Stablecoin Payments Platform

The round also saw participation from Castle Island Ventures, Coinbase Ventures, Circle, Lasagna Ventures and Global PayTech Ventures.

The company will use the new funding to speed up product development, expand its local teams and licensing efforts, and grow its go-to-market team.

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Cyclops helps payments companies launch stablecoin products faster and more easily. Instead of relying on multiple legacy providers and connecting different systems, businesses can use one platform built specifically for payments.

With Cyclops, companies can manage services like stablecoin settlements, pay-ins, and payouts in one place. This allows them to bring new products to market in just a few weeks instead of spending months or even years building the required infrastructure.

Cyclops has expanded its merchant network to more than 300,000 and grown its business worldwide. The company has also achieved 350% month-over-month growth in transaction volume. In less than a year, Cyclops has grown its team to 31 employees and plans to double its workforce by the end of the year.

"I spent my career helping to build the rails that moved money over the last 50 years. I've been looking for the opportunity to invest in the platform that will power the next 50. We're betting on Cyclops to be that platform," said Javier Perez, Founder & Managing Partner of Global PayTech Ventures.

"Stablecoins have reached an inflection point and their adoption has been accelerated by agentic commerce. Payment companies are uniquely positioned to benefit from the growth of stablecoins but have historically struggled to adopt the technology. Cyclops is here to change that," said Alex Wilson, Co-Founder of Cyclops.

About Cyclops

Founded by Pat Duffy, Alex Wilson, and David Johnson, Cyclops helps payments companies launch stablecoin services through a single platform. It supports stablecoin settlements, pay-ins, payouts, and treasury management across global markets. Cyclops combines the flexibility of an orchestration platform with the capabilities of a full stack solution. It connects with leading stablecoin providers through end to end integrations and uses its own technology to make cross-border payments faster and easier.

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