Pat Duffy

Co-CEO & Co-Founder @Cyclops_inc - Stablecoins and Crypto for Payments | prev. Co-CEO & Co-Founder @TheGivingBlock, acquired by @Shift4

[Pat Duffy @thisisPatDuffy]

I’m excited to announce that today we’re officially launching @Cyclops_inc, the stablecoin and crypto platform for Payments Companies.

@AlexWilsonTGB and @dcjmgmt are my Co-Founders and @LindsayWysocki is our COO. More on the team later but, for now, let me tell you about what we’ve built.

Backed by @Shift4, @CastleIslandVC, and F-Prime, Cyclops is the stablecoin and crypto platform for payments companies. We’re on a mission to 10x the rate at which the top payments companies adopt stablecoin settlement and crypto payments.

We spent the last four years building stablecoin and crypto solutions from inside one of the world’s leading payments companies. In hours, we had a team of crypto payments founders and engineers, the buy-in and support of the leadership team and a mandate to build.

With every resource you could possibly imagine, this effort still took years. We decided there had to be a better way. The stage is set. Merchants want to accept crypto. Payment platforms are announcing crypto capabilities. Regulatory clarity has arrived and the blockchains are built to support the wave. But when you start building, you discover the real problem: the crypto infrastructure is not designed for payments. As a payments company, you are left with an impossible decision.

Either you spend $10M+ and 18 months assembling a team and building, or you stitch together 4-7 separate vendors - for custody, compliance, wallets, liquidity, conversion, settlement, reporting - and hope you like where you end up. Most companies are getting 6 months in before they realize they have to build an entire crypto company inside their payments company just to get this done.

We built Cyclops to put an end to this problem - building the crypto and stablecoin infrastructure platform that exists exclusively for payment service providers, merchant acquirers, and payment processors. We're live with customers today.

The payments companies that move now will own the market position, and Cyclops will be the key to claiming it and keeping it. If you're a payments company exploring crypto infrastructure, or looking for an upgrade, let's talk.

Check out our announcement here: https://t.co/vvatmXeBVv

[Cyclops @Cyclops_inc]

Cyclops is live!

Cyclops is the stablecoin and crypto platform built for payments, and only payments.

Before Cyclops, PSPs faced an impossible choice: Ignore stablecoins and crypto, or spend millions across multiple vendors over many years.

Cyclops is the solution... (1/3)

[Pat Duffy @thisisPatDuffy]

@NASAAdmin Couldn’t be more proud of this guy. Born for this role. 🚀

[Cyclops @Cyclops_inc]

Cyclops is Amsterdam bound! 🚀 We're headed to Money20/20 Europe June 2nd-4th and couldn't be more excited. Want to connect while we're there? Reach out to @thisisPatDuffy , @dcjmgmt or John Reed.

[Amira V @amiravalliani]

New Bits to Bricks episode this week with @AlexWilsonTGB of @Cyclops_inc with lots of hot takes, including:

- You're not going to use crypto to pay for coffee anytime soon
- Why most big companies' crypto strategy goes nowhere
- Bridge + BVNK sold too early

Listen here:
https://t.co/6MJVr476kL

[Cyclops @Cyclops_inc]

Catch us at @consensus2026 later this week in Miami! Reach out to @AlexWilsonTGB or Dan Savitt if you want to connect. We're also hosting an invite-only founders dinner on Wednesday night with @Meow — message us for details.

[Cyclops @Cyclops_inc]

Catch us at @Stripe Sessions later this week in San Francisco! Reach out to @dcjmgmt or John Reed if you want to connect.

[Pat Duffy @thisisPatDuffy]

Pumped to have you John. Let’s get after it 🚀

[Cyclops @Cyclops_inc]

We're excited to welcome John Reed to Cyclops as our new Director of Business Development 🚀

John joins us from Spreedly where he spent the past four years building their partner program from the ground up. With over a decade of experience at Spreedly, @Fiserv and beyond, John brings extensive payments relationship expertise to the Cyclops team.

Learn more about John here: https://t.co/Yfk1zN3Fgi

[Mike @TGBMike]

Met @thisisPatDuffy and @AlexWilsonTGB at a conference I was running. Temped a while, started hanging at @BlockShopDC and joined @TheGivingBlock
The rest is history.

[Pat Duffy @thisisPatDuffy]

I'll be at @FintechMeetup next week in Vegas. We're finalizing the @Cyclops_inc meeting schedule, so DM me if you'll be there and want to connect. 🚀

[Pat Duffy @thisisPatDuffy]

Excited to build the future of payments together. 🔥

[Cyclops @Cyclops_inc]

We're proud to announce that Cyclops has been selected for the @Mastercard Crypto Partner Program 🚀. Learn more here: https://t.co/BG8iXagJQJ

[Alex Wilson @AlexWilsonTGB]

We're growing quickly and hiring like crazy at Cyclops with 20+ people already on the team. We have remote roles across compliance, marketing, product and engineering.

[Alex Wilson @AlexWilsonTGB]

Similar playbook to what we did with @TheGivingBlock. Pick an industry and absolutely dominate it. We're taking stablecoin adoption to the next level with payments companies by doing what's "boring".

Great writeup @Snapcrackle 👏

"That's where Cyclops sits. And it's the least exciting wave, which is usually a good sign. The technology works. The regulations are in place. The merchants are asking. The bottleneck now isn't innovation. It's integration. And integration problems are messy vendor-management nightmares that don't make for great conference talks, but determine whether a technology actually reaches the mainstream."

[Cyclops @Cyclops_inc]

Check out our 2026 Industry Trends: Stablecoins in the Payments Sector.

The flywheel is accelerating, as payments adoption drives stablecoin usage, driving more industry adoption, and so on... The world's largest payment companies are no longer experimenting. They're building. https://t.co/WlUDdsMsXD

[Pat Duffy @thisisPatDuffy]

This is by far the best piece on the @Cyclops_inc launch so far 🔥. Huge shoutout to @rileywk for this piece. https://t.co/1aIzfljepo

[The Block @TheBlockCo]

Stablecoin payments startup Cyclops raises $8 million from Castle Island Ventures, F-Prime and Shift4 https://t.co/O3sqj51f4X

[Pat Duffy @thisisPatDuffy]

@MattWalshInBos @AlexWilsonTGB @Cyclops_inc We're fired up. And big time shout out to our co-founder @dcjmgmt for helping us build this thing.

[Pat Duffy @thisisPatDuffy]

@seanjudgeciv @AlexWilsonTGB @Cyclops_inc Pumped to crush it with you brother. And big-time shout out to our Co-Founder @dcjmgmt for building with us 🚀

[Pat Duffy @thisisPatDuffy]

@davidjgoosey @Cyclops_inc @AlexWilsonTGB @dcjmgmt @LindsayWysocki Thanks man. We’re fired up for this one!

[Pat Duffy @thisisPatDuffy]

I’m excited to announce that today we’re officially launching @Cyclops_inc, the stablecoin and crypto platform for Payments Companies.

@AlexWilsonTGB and @dcjmgmt are my Co-Founders and @LindsayWysocki is our COO. More on the team later but, for now, let me tell you about what we’ve built.

Backed by @Shift4, @CastleIslandVC, and F-Prime, Cyclops is the stablecoin and crypto platform for payments companies. We’re on a mission to 10x the rate at which the top payments companies adopt stablecoin settlement and crypto payments.

We spent the last four years building stablecoin and crypto solutions from inside one of the world’s leading payments companies. In hours, we had a team of crypto payments founders and engineers, the buy-in and support of the leadership team and a mandate to build.

With every resource you could possibly imagine, this effort still took years. We decided there had to be a better way. The stage is set. Merchants want to accept crypto. Payment platforms are announcing crypto capabilities. Regulatory clarity has arrived and the blockchains are built to support the wave. But when you start building, you discover the real problem: the crypto infrastructure is not designed for payments. As a payments company, you are left with an impossible decision.

Either you spend $10M+ and 18 months assembling a team and building, or you stitch together 4-7 separate vendors - for custody, compliance, wallets, liquidity, conversion, settlement, reporting - and hope you like where you end up. Most companies are getting 6 months in before they realize they have to build an entire crypto company inside their payments company just to get this done.

We built Cyclops to put an end to this problem - building the crypto and stablecoin infrastructure platform that exists exclusively for payment service providers, merchant acquirers, and payment processors. We're live with customers today.

The payments companies that move now will own the market position, and Cyclops will be the key to claiming it and keeping it. If you're a payments company exploring crypto infrastructure, or looking for an upgrade, let's talk.

Check out our announcement here: https://t.co/vvatmXeBVv

[Cyclops @Cyclops_inc]

Cyclops is live!

Cyclops is the stablecoin and crypto platform built for payments, and only payments.

Before Cyclops, PSPs faced an impossible choice: Ignore stablecoins and crypto, or spend millions across multiple vendors over many years.

Cyclops is the solution... (1/3)