USDC and EURC Integration with SAP: Circle Brings Stablecoins to Enterprise Payments
Circle is bringing its USDC and EURC stablecoins into enterprise payment workflows through a partnership with Tereina, a financial services company backed by SAP. The integration will enable businesses using SAP's financial software to send and receive USDC and EURC within their existing applications.
USDC will be the preferred stablecoin for dollar-denominated transactions, while EURC will be available for euro-denominated payments. (Source: Circle)
Tereina provides payment infrastructure that can be embedded into business software, allowing for seamless payments without switching platforms. Over the coming months, the companies plan to test the stablecoin integration with customers for global payments and treasury operations.
Given that SAP's ecosystem generates 84% of global commerce, this integration has the potential to reach a wide range of enterprises.
This move comes soon after Circle launched the mainnet of Arc, its layer-1 blockchain focused on stablecoin payments and financial markets.
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