tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

361 Degrees Explores Stablecoin Solutions for Global Operations

Story Highlights
  • 361 Degrees International is exploring stablecoin payment solutions for operations outside China.
  • This initiative aims to enhance payment efficiency and mitigate exchange rate risks.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
361 Degrees Explores Stablecoin Solutions for Global Operations

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

361 Degrees International ( (HK:1361) ) has shared an update.

361 Degrees International Limited is exploring the integration of stablecoin payment and settlement solutions for its operations outside mainland China. This move aims to enhance payment efficiency, reduce costs, and mitigate exchange rate risks for cross-border e-commerce and overseas offline store transactions, aligning with the growing trend of cryptocurrency adoption in the global business sector.

The most recent analyst rating on (HK:1361) stock is a Buy with a HK$7.09 price target. To see the full list of analyst forecasts on 361 Degrees International stock, see the HK:1361 Stock Forecast page.

More about 361 Degrees International

361 Degrees International Limited is a company incorporated in the Cayman Islands with limited liability. The company operates in the retail industry, focusing on sportswear and related products. It serves a wide range of customers through cross-border e-commerce and overseas offline stores, emphasizing digital ecosystem operations and supply chain services.

Average Trading Volume: 8,784,793

Technical Sentiment Signal: Buy

Current Market Cap: HK$12.51B

Find detailed analytics on 1361 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1