Exclusive: Cyclops raises $8 million to build stablecoin infrastructure for payments companies

When a large, multinational business settles payments through the conventional financial system, they are subject to banking hours and to possible delays. That’s why many big firms—airlines, hotels, stadiums, restaurant chains and others—are turning to stablecoins, which are built on blockchain technology and allow for instant, around-the-clock settlement.   In response, startups are emerging to help the firms navigate this new landscape—including Cyclops, which aims to serve as an infrastructure layer to help expedite stablecoin adoption.