SQRIL now supports stablecoins such as Tether's USDT for its QR code payment services in emerging markets.

According to a report by Bijie Network: Southeast Asia-based payment API startup SQRIL, supported by the Plan B VC fund, now allows crypto applications to integrate its platform, enabling users to make payments with Tether's stablecoin USDT by scanning local QR codes in Asia, Africa, and Latin America. Founder Malcolm Weed stated that the service is responsible for paying merchants in local fiat currencies and aims to become key infrastructure for instant cross-border payments between banks, e-wallets, and crypto applications. The API is currently live in the Philippines, Vietnam, and Indonesia, with plans to expand to other regions in the first quarter.