Tether Invests in Cross-Border QR Code Payment Platform SQRIL

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