Tether invests in cross-border QR code payment platform SQRIL

ChainCatcher reports that stablecoin giant Tether has disclosed an investment in SQRIL, a real-time cross-border QR code payment platform. The specific investment amount has not yet been disclosed. SQRIL currently primarily targets the Asian, African, and Latin American markets and integrates with the APIs of traditional banks (such as Barclays or Bank of America), digital banks like Venmo, Revolut, and Cash App. The new funding will support its exploration of better stablecoin and QR code cross-border payment methods.