Wu said that the stablecoin giant Tether has disclosed an investment in real-time cross-border QR code payment platform SQRIL. The specific investment amount has not been disclosed yet. 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.