Circle has added USDC stablecoin payments to SAP Pay through an integration with Tereina, the payments provider behind SAP's new payment service. The integration, announced on October 7, makes USDC available as a settlement method for eligible institutional Circle Mint account holders using SAP Cloud ERP.
To access the feature, SAP customers must meet Circle's institutional account requirements, which include background checks, identity verification, know-your-customer checks, and sanctions screening. The onboarding process can take one day to a week or longer. Individual applicants are excluded from Circle Mint access.
Regional availability affects both SAP Pay and Circle Mint independently. SAP Pay is generally available in the United States and United Kingdom, though product terms limit transaction processing to customers domiciled in the US or European Union unless otherwise documented. Circle maintains separate regional account requirements that apply to the integration as well.
The integration connects Circle Mint to the SAP stack through an API to mint, redeem, and manage USDC. Finance teams can use the stablecoin route for cross-border supplier payments, transfers between company entities, and settling accounts payable and receivable. USDC works alongside existing banking relationships, approval controls, and reporting systems.
Circle describes potential benefits including round-the-clock settlement and near-instant transaction processing, though the announcement provides no measured customer savings or transaction volumes for the integration. Circle and Tereina plan joint customer proof-of-value programs over the coming months and intend to develop adoption insights as implementations progress.
