Stablecoin leader Tether recently announced an investment in an interesting project—SQRIL, a platform focused on real-time cross-border QR code payments. Although the specific funding amount has not been disclosed, this move is quite intriguing.

SQRIL's target markets are quite clear, mainly focusing on Asia, Africa, and Latin America. Most importantly, it can seamlessly integrate with traditional banking systems and is also compatible with APIs of mainstream digital payment apps like Venmo, Revolut, and Cash App.

What does this mean? Simply put, Tether is exploring new application scenarios for stablecoins. No longer just trading pairs on exchanges, but truly penetrating cross-border payments and everyday financial services. For these emerging markets, the demand for fast, inexpensive cross-border transfers has always been strong, and QR code payments are the most familiar method for local users. This investment by Tether, to some extent, is paving the way for USDT to flow into practical payment scenarios.