361 degrees: Actively exploring solutions utilizing stablecoin for payments and settlements

BlockBeats News, September 12, Hong Kong-listed company 361 Degrees (01361.HK) announced that the company is currently exploring a solution using stablecoin for payment and settlement, for the group's product sales outside mainland China, covering overseas offline stores, e-commerce sales, supply chain services, and digital ecosystem business.

361 Degrees has opened an account with an independent third-party service provider specializing in fiat and stablecoin omnichannel digital payment solutions, enabling enterprises to achieve efficient and seamless value transfer globally. The global business community's acceptance of cryptocurrency is increasing. The group believes that integrating virtual assets will create significant business opportunities.

361 Degrees serves many cross-border e-commerce and overseas offline store customers, who have ongoing demand for local payment and cross-border settlement. Adopting a stablecoin payment method can improve payment efficiency and reduce costs, better meeting the needs of cross-border e-commerce customers. It is expected that this payment method will also help reduce the exchange rate risk faced by the group in transactions with customers outside mainland China.