Circle and Tereina announced on October 7 that they are integrating USDC and EURC into SAP Cloud ERP, allowing eligible enterprises with Circle Mint accounts to send and settle payments through SAP Pay in digital dollars and digital euros. The integration removes the need for standalone crypto gateways or changes to existing accounting systems, connecting stablecoin payments directly to SAP workflows.
According to the announcement, once an invoice or purchase order is approved, the system processes and reconciles the payment in real time via enterprise blockchain. Circle says the rollout includes support on the Arc enterprise network for sub-millisecond settlements and fees paid in USDC. The project’s next phase aims to integrate SAP’s Joule artificial intelligence agents to automate creation, approval, and accounting execution of global payments.
Despite the partnership, Circle stock declined 5.17% to $79.78, down $4.35 from the previous close of $84.13. Shares briefly recovered above $80 before fading again. Neither company disclosed participating customers, expected payment volumes, or a full commercial deployment timeline. Customer pilots are planned over the coming months.
SAP states that its customers account for 84% of global business activity, and 99 of the world’s 100 largest companies use SAP products. SAP Pay already supports more than 40 currencies and 89 payment channels, including ACH, wire transfers, checks, and electronic fund transfers. Under the agreement, USDC will serve as the preferred stablecoin for eligible US dollar-denominated payments, while EURC will support eligible euro-denominated transactions.
Circle’s October 5 reserve figures showed $74.1 billion in circulating USDC, backed by $74.3 billion in reserves. During the preceding seven days, Circle issued $9.4 billion in USDC while holders redeemed $10 billion. Circle also reported $14.8 trillion in second-quarter on-chain USDC transaction volume, up 151% from a year earlier.
