Not selling wallets or promoting USDT! Tether is simply investing in SQRIL. What makes this QR payment platform special?Tether invests in SQRIL, betting on the cross-border QR payment infrastructure, not pushing USDT, with a long-term strategy and regulatory considerations for building banking infrastructure.
Not developing consumer-end products, Tether invests in the "underlying infrastructure" of payments
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Stablecoin issuer Tether recently invested in Southeast Asia's cross-border payment startup SQRIL, drawing market attention. However, contrary to external expectations, this investment is not accompanied by any wallet products, $USDT traffic diversion, or consumer applications. Instead, Tether chooses to bet on a set of payment infrastructure that is "almost invisible to users."
Image source: SQRIL Stablecoin issuer Tether recently invested in Southeast Asia's cross-border payment startup SQRIL
SQRIL focuses on building
CryptoCity·01-05 08:00