Tether announces investment in cross-border QR code payment platform SQRIL

According to a report by TechFlow, stablecoin giant Tether has disclosed that it has invested in SQRIL, a real-time cross-border QR code payment platform. The specific investment amount has not yet been disclosed. SQRIL currently mainly targets the Asian, African, and Latin American markets and can integrate with the APIs of traditional banks (such as Barclays or Bank of America), digital banks such as Venmo, Revolut, or Cash App. The new funds will support its exploration of better stablecoin and QR code cross-border payment methods.