SAP Pay, the payments service built into SAP Cloud ERP, can settle supplier payments in Circle’s USDC and EURC stablecoins. Circle and Tereina, the SAP-backed company that runs SAP Pay, announced the partnership on October 7, 2026, a day after SAP introduced SAP Pay at its SAP Connect event.

The pitch is that a finance team can pay an invoice in a stablecoin from the same payment run it already uses for wires and ACH, without adding a separate crypto system.

Which stablecoin for which currency

Circle’s release sets a simple rule. For eligible payment workflows denominated in US dollars, USDC is the preferred stablecoin. EURC is the option for euro-denominated activity. Both are issued by regulated Circle affiliates; issuer, reserve and redemption details are in our USDC and EURC entries.

The release says the integration is available to SAP customers through SAP Pay and is offered to “eligible” businesses. It does not publish the eligibility criteria, the fees or the blockchains used for settlement.

What SAP Pay does with the payment

An SAP Community post published by SAP on October 7 describes SAP Pay as a B2B payments service embedded in SAP Cloud ERP and provided by Tereina, “an SAP entity dedicated to providing payment services.” According to SAP, it:

  • supports ACH, EFT, wire, check and stablecoin payments such as USDC;
  • applies OFAC and KYC/AML screening to every transaction;
  • reconciles each payment to its purchase order or invoice;
  • covers 89 payment corridors and routes across more than 40 currencies;
  • uses SAP Multi-Bank Connectivity for bank communication rather than replacing it.

SAP’s post names USDC with a native Circle integration; EURC appears in Circle’s release.

How a stablecoin payment shows up in the books

The most concrete detail is SAP’s description of its demo. An open supplier invoice is paid with SAP Pay acting as the house bank. The payment is created in the normal payment run and tracked in the Payment Monitor. In the Tereina portal the transaction appears in both USDC and US dollars, the token moves on chain from a Circle wallet, the USDC balance appears in SAP’s Short-Term Cash Positioning, and an end-of-day CAMT.053 bank statement is produced for posting.

That last step is the part accountants care about: the stablecoin leg ends in a standard bank-statement format, so the payment can be booked like any other. SAP says settlement takes “minutes instead of days”; that is the company’s description of its demo, not a measured service level. Our guide to paying suppliers in stablecoins walks through the same invoice-to-settlement chain step by step.

What comes next

Circle and Tereina say that over the coming months they plan joint proof-of-value programs with customers, training for treasury and payments specialists, and work with ecosystem partners. SAP says the AI agents in its Joule assistant will “soon” be able to trigger and execute payments; no date is given.

The release’s headline figure, an SAP ecosystem “behind 84% of global commerce,” is the companies’ own description of SAP’s reach, not a count of businesses using stablecoin payments.