Circle Partners with SAP-Backed Tereina to Bring USDC and EURC to Enterprise Payments
Circle announced a partnership with SAP-backed financial services firm Tereina to bring its USDC and EURC stablecoins into enterprise payment workflows. Enterprises using SAP financial software can directly…
Circle announced a partnership with SAP-backed financial services firm Tereina to bring its USDC and EURC stablecoins into enterprise payment workflows. Enterprises using SAP financial software can directly send and receive USDC and EURC within the applications they already use for payment management. USDC will serve as the preferred stablecoin for dollar-denominated transactions, while EURC will be used for euro-denominated payments.
Tereina provides payment infrastructure that embeds into enterprise software, allowing businesses to complete payments without switching to a separate financial platform. The parties stated they plan to test the stablecoin integration solution with customers in the coming months, covering global payments and treasury management operations. According to the announcement, the SAP ecosystem supports 84% of global commercial activity, offering broad enterprise reach potential for this integration. The partnership comes less than a month after Circle launched Arc, its Layer 1 blockchain focused on stablecoin payments and financial markets. Arc uses USDC to pay transaction fees and supports over 20 fiat-backed stablecoins, including USDC and EURC.
[ChainCatcher]
Original: https://www.chaincatcher.com/article/2294758
insigtX content is informational and educational, not investment advice.