According to Fortune, Cyclops, a stablecoin payment infrastructure company headquartered in Miami, has completed a $20 million Series A round, led by Nava Ventures, with participation from Coinbase Ventures (a subsidiary of Coinbase), Circle Internet Group, Castle Island Ventures, Lasagna Ventures, and GPT Ventures. Cyclops previously raised a $8 million seed round in March this year. Cyclops provides payment companies with end-to-end crypto and stablecoin infrastructure to help them achieve faster settlement and cross-border payments without having to build the related technical capabilities themselves. Its current customers include payments companies Shift4 and Mastercard. The company said it is moving forward with relevant license application processes in the United States and Europe.