Tether expands real-world stablecoin use through strategic investment in QR-based cross-border payments.
SQRIL bridges stablecoins, banks, and digital wallets across emerging global payment markets.
Stablecoin company Tether has announced its investment in SQRIL, a real-time, QR code-based cross-border payments platform. The investment amount was not disclosed. The investment aims to promote the use of stablecoins in cross-border transactions, with a focus on markets in Asia, Africa, and Latin America, which have high remittance volumes and widespread QR adoption.
SQRIL builds a practical approach. Its system enables API integration with traditional banks like Barclays and Bank of America, while also connecting to widely used digital finance applications, including Venmo, Revolut, and Cash App.
On the user side, payments are simply made by scanning a QR code, while behind the scenes, the transaction is settled across systems. This is where Tether comes in, bringing stablecoins as a
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