Tether invests in the cross-border QR code payment platform SQRIL

Stablecoin giant Tether has disclosed its investment in the real-time cross-border QR code payment platform SQRIL, though the specific investment amount has not been revealed. SQRIL currently targets markets in Asia, Africa, and Latin America, and can integrate with the APIs of traditional banks (such as Barclays or Bank of America) and digital banks like Venmo, Revolut, or Cash App. The new funding will support its exploration of better stablecoins and QR code cross-border payment methods.