yep.
you may see bubbles in it. it also can get stringy or slimy looking and flow like hair in the water flow. you can siphon it out when you do water changes but it will keep coming back until you find and cure the problem.
If you have cyano, reduce your feeding and check your phosphates. over feeding and tap water are usually the 2 big phosphate culprits. low flow (dead spots) is the other problem.
I had cyano for a few weeks, it was getting worse and worse. So I reduced my feedings, increase flow (added a PH), added phosban & chaeto macro algae to get my phosphates to 0. it took about a week or so once all this was in place before the cyano started to die off. once it started to die the fish started to eat it and it was easy to siphon out when I did water changes. hasn't come back since.