361 degrees: The company is exploring solutions for using stablecoins to pay and settle

Huobi HTX reported that 361 Degrees (01361.HK) announced that the company is exploring solutions to use stablecoin payment and settlement for the Group's product sales outside mainland China, covering overseas offline stores, e-commerce sales, supply chain services and digital ecological businesses. The adoption of stablecoin payment method can improve payment efficiency and reduce costs, thereby better meeting the needs of cross-border e-commerce customers. It is expected that this payment method will also help reduce the exchange rate risks faced by the Group when trading with customers outside mainland China. (Jin Shi)