Tether disclosed its investment in cross-border QR code payment platform SQRIL, further expanding its presence in stablecoin QR code payment scenarios.

According to Techub News, stablecoin issuer Tether has disclosed an investment in SQRIL, a real-time cross-border QR code payment platform. The specific investment amount was not disclosed. The announcement stated that SQRIL primarily targets the Asian, African, and Latin American markets and can integrate with the APIs of traditional banks and digital financial services such as Venmo, Revolut, and Cash App. Tether indicated that the new funds will be used to explore more efficient stablecoin and QR code cross-border payment solutions.