Cyclops

Cyclops is a Miami-based stablecoin infrastructure company built exclusively for the payments industry. It gives payment processors, PSPs and acquirers a single API for stablecoin settlement, pay-ins, payouts and treasury management, so they can offer digital-asset products without stitching together custody, conversion, on-ramp and off-ramp vendors themselves. The company says its ecosystem spans 100+ global licenses, 150+ countries and 400+ assets, and reaches a network of more than 300,000 merchants. It was founded in 2025 by Alex Wilson, Pat Duffy and David Johnson, who previously built The Giving Block and ran the crypto and stablecoin division at Shift4 after its acquisition.

Most stablecoin infrastructure is sold to crypto-native companies or to end merchants; Cyclops sells only to payments companies, replacing a stack of separate custody, liquidity, on/off-ramp and treasury vendors with one partner and one API, and is staffed by operators from Coinbase, Fiserv, Shift4, JPMorgan, Spreedly and Paysafe who have run that integration from the payments side.