Circle, Tereina and SAP announced a partnership to integrate USDC and EURC directly into SAP Pay, a payments service embedded in SAP Cloud ERP. Tereina built SAP Pay over 2.5 years and launched it on October 6, 2026; Circle and Tereina confirmed their collaboration on October 7, 2026. The integration lets businesses execute supplier and treasury payments inside existing ERP workflows using traditional rails (ACH, EFT, wire, check) or stablecoin settlement, with multi-rail routing, automated reconciliation and fraud detection. At launch SAP Pay is available in the US and the UK and supports 89 global payment corridors. Tereina claims SAP Pay can cut payment costs by up to 25%.
Arc, the blockchain that launched on September 16, 2026, is named as the preferred network for eligible SAP Pay transactions. Circle positions USDC as the preferred dollar-denominated stablecoin for eligible workflows and EURC as an option for euro activity. The route requires an institutional Circle Mint account; Mint access is limited to institutions and involves background checks, identity verification, KYC and sanctions screening. Circle warns onboarding and processing can take one day to a week or longer. Banking connectivity and regional account requirements remain relevant: Circle’s Mint and redemption guidance needs a bank account in the institution’s name able to send wires to Circle’s US bank account, and some redemption paths are unsupported when an intermediary bank is required.
No transaction volumes or measured customer savings have been disclosed yet. Tereina and Circle plan joint proof-of-value programs and training for treasury and payments specialists in the coming months, intending to gather adoption insights as implementations progress.