Circle brings USDC, EURC payments to SAP customers through Tereina

What happened

The partnership with SAP-backed Tereina will let businesses send and receive Circle’s stablecoins (a digital token meant to hold a fixed value, usually one dollar) from within the financial software they already use. The move comes less than a month after Circle launched the mainnet of Arc , its layer-1 blockchain focused on stablecoin payments and financial markets.

Circle is bringing its USDC (Circle’s dollar-pegged token) and EURC stablecoins into enterprise payment workflows through a partnership with Tereina, a financial services company backed by German enterprise software giant SAP. USDC will be the preferred stablecoin for dollar-denominated transactions, while EURC will be available for euro-denominated payments. SAP is a software and software development company based in Walldorf.

Source: Circle Tereina provides payment infrastructure that companies can embed into business software, allowing them to make payments without switching to a separate financial platform. Tereina and Circle said they plan to test the stablecoin integration with customers over the coming months, including for global payments and treasury operations. SAP’s ecosystem generates 84% of global commerce, according to the announcement, giving the integration a potentially broad enterprise reach.

Key facts

• Source: Circle Tereina — provides: payment infrastructure that companies can embed into business software, allowing them to make payments without switching to a separate financial platform