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Cyclops raises $20M Series A for stablecoin infrastructure with Circle and Coinbase Ventures participating
Cyclops announced a $20M Series A led by Nava Ventures, with Castle Island Ventures, Coinbase Ventures, Circle, Lasagna Ventures, and Global PayTech Ventures participating. Circle appearing directly on the cap table of an infrastructure startup — rather than only as a rail — is the notable detail. Continues the pattern of stablecoin plumbing attracting strategic rather than purely financial capital.
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