Tether backs QR-based payments platform
Stablecoin issuer Tether has revealed an investment in SQRIL, a real-time cross-border QR code payment platform focused on improving global money transfers. While the company did not disclose the size of the investment, it confirmed that the funding will support SQRIL’s efforts to enhance stablecoin-powered payment infrastructure.
SQRIL targets emerging markets
SQRIL currently operates across Asia, Africa, and Latin America, regions where access to traditional banking remains uneven and cross-border payments are often slow or costly. The platform enables instant QR-based transfers and can integrate with established financial institutions via APIs.
Integrations with banks and fintech apps
According to the announcement, SQRIL can connect with major banks such as Barclays and Bank of America, as well as digital financial services including Venmo, Revolut, and Cash App. This interoperability allows SQRIL to bridge traditional finance with digital wallets, streamlining international payments.
Stablecoins at the center of expansion
The new capital is expected to be used to explore deeper integrations between QR-based payments and stablecoin settlement rails. By combining blockchain liquidity with user-friendly QR interfaces, Tether and SQRIL aim to reduce friction in cross-border transactions.
BTCUSA outlook
Tether’s investment in SQRIL reflects the growing role of stablecoins in global payment systems. As major financial institutions and fintech platforms increasingly adopt blockchain settlement tools, QR-based stablecoin payments could emerge as a practical alternative to legacy remittance networks.
