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Tether invests in cross-border QR code payment platform SQRIL
Mars Finance reports that stablecoin giant Tether has disclosed an investment in real-time cross-border QR code payment platform SQRIL, with the specific investment amount not yet disclosed. SQRIL currently mainly targets markets in Asia, Africa, and Latin America, and can integrate with APIs of traditional banks (such as Barclays or Bank of America), Venmo, Revolut, or Cash App. The new funds will support its exploration of better stablecoins and QR code cross-border scan-to-pay methods.