Tether invests in cross-border QR code payment platform SQRIL

Stablecoin giant Tether has disclosed an investment in SQRIL, a real-time cross-border QR code payment platform. The specific investment amount was not disclosed. SQRIL currently primarily targets markets in Asia, Africa, and Latin America 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. (Globenewswire)