Cyclops

About Cyclops

Cyclops.io is a stablecoin and crypto infrastructure platform built specifically for the payments industry. The company was founded by Pat Duffy, Alex Wilson, and David Johnson, repeat entrepreneurs who previously created The Giving Block, a crypto donation solution for nonprofits. After selling The Giving Block to Shift4, they spent several years building crypto and stablecoin products within the payments company. This experience highlighted the difficulties and fragmentation of using multiple vendors to bring crypto products to market, which inspired the creation of Cyclops.

The company's mission is to simplify the adoption of digital assets for payment service providers (PSPs), merchant acquirers, and other payments companies. Cyclops offers a unified platform that enables its clients to provide crypto acceptance, stablecoin settlement, and stablecoin payout capabilities to their merchants without needing to build or maintain their own blockchain infrastructure. The platform operates with low and no-code solutions, aiming to be the fastest way for payment companies to launch crypto and stablecoin offerings. Its services include global, cross-border stablecoin settlement, acceptance of cryptocurrencies at physical and digital checkouts, and the ability to send payouts to customers and partners using crypto. The platform is chain-agnostic, supporting assets like Bitcoin, Ethereum, USDC, and USDT.

Cyclops' business model targets the payments industry by providing tailored onboarding, compliance, and technical solutions that integrate into existing payment platforms. This approach eliminates the need for complex integrations with multiple partners, thereby reducing the cost and difficulty for payment companies to enter the digital asset space. In March 2026, the Miami-based startup announced an $8 million strategic investment from Castle Island Ventures, F-Prime Capital, and Shift4 Payments to further develop its platform. The company became commercially available on March 4, 2026.