Tether Invests in SQRIL to Advance Stablecoin QR Payments Globally

TLDR

• Tether has made a strategic investment in SQRIL to expand stablecoin-based payments.
• The partnership aims to integrate USDT with SQRIL’s real-time QR code payment platform.
• SQRIL operates in Asia, Africa, and Latin America where demand for mobile payments is high.
• The integration will allow users to send money instantly using QR codes with stablecoin settlements.
• SQRIL’s system connects with major banks and fintech apps through APIs for smooth operations.

Tether has invested in SQRIL, a cross-border QR code payment provider, to advance the use of stablecoins in global payments. The company aims to integrate stablecoin settlements into everyday mobile payment systems across emerging markets. Financial terms remain undisclosed.

USDT Integration Targets Mobile QR Payments

Tether confirmed the investment will support real-time stablecoin-enabled QR payment solutions across Asia, Africa, and Latin America. SQRIL already operates in these regions and offers mobile payment services with growing user bases and high remittance volumes.

The companies plan to combine Tether’s blockchain infrastructure with SQRIL’s API-driven platform for seamless retail and remittance use.
This integration aims to simplify cross-border transfers using QR codes while USDT handles instant backend settlements.

Tether stated, “This partnership brings stablecoin payments closer to real-world usage,” reinforcing its shift toward practical applications.
SQRIL’s existing system connects with traditional and digital platforms, including banks and mobile fintech apps.

SQRIL Connects to Global Payment Rails

SQRIL’s technology integrates with banking networks, including Barclays and Bank of America, through flexible APIs. It also integrates with fintech platforms like Venmo, Revolut, and Cash App to broaden digital access.

The platform allows QR-based payments while settling transactions through blockchain using stablecoins. This helps reduce payment processing costs and bypasses delays common in legacy banking systems.

Tether’s USDT will act as the medium of settlement behind SQRIL’s real-time payment rails. The collaboration focuses on bridging the gap between traditional finance and blockchain settlement tools.

The initiative targets regions with growing mobile penetration and demand for low-cost remittance solutions. Faster transaction finality is expected to support merchants and users who rely on mobile-based finance.

Push for Broader Stablecoin Adoption

Tether continues aligning with service providers that expand the use of stablecoins outside of trading environments. The investment in SQRIL signals a deeper push into utility-based transactions in underserved financial markets.

With mobile payments expanding globally, Tether sees value in embedding USDT into widely used consumer payment methods. This includes retail purchases and remittances where QR codes and phones dominate user access.

Tether has stated its goal is to become a foundational payments layer in global financial infrastructure. The partnership aims to offer faster, cheaper alternatives to wire transfers using blockchain-backed assets.

The companies did not disclose specific investment amounts or rollout timelines for new products. SQRIL will use the funds to expand its payment network and improve its existing real-time transaction features.

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