361 DEGREES (01361) announced that the company is currently exploring stablecoin payment and settlement solutions for product sales in regions outside mainland China, covering overseas offline stores, e-commerce sales, supply chain services, and digital ecosystem business operations.

In this regard, the Group has opened an account with an independent third-party service provider that specializes in fiat currency and stablecoin omni-channel digital payment solutions, enabling enterprises to achieve efficient and seamless value flow globally.

The global business community's acceptance of cryptocurrencies is steadily increasing. The Group believes that integrating virtual assets will create significant business opportunities. The Group serves numerous cross-border e-commerce and overseas offline store customers who have ongoing needs for local payments and cross-border settlements.

Adopting stablecoin payment methods can enhance payment efficiency and reduce costs, thereby better meeting the needs of cross-border e-commerce customers. This payment method is also expected to help reduce the foreign exchange risks faced by the Group when conducting transactions with customers outside mainland China.