Cyclops raises $20M Series A for stablecoin settlement

Cyclops raised $20 million in Series A funding to help payment companies integrate stablecoin infrastructure for faster settlement and cross-border transactions. Nava Ventures led the round, with participation from Castle Island Ventures, Coinbase Ventures, Circle, Lasagna Ventures, and GPT Ventures. The Miami-based startup previously raised an $8 million seed round in March.