SAP Pay adds USDC payments, with Circle Mint access required

What happened

Circle and payments provider Tereina have built a USDC payment route into SAP Pay, so approved companies can move stablecoins without leaving the SAP setup they already run.

The companies announced the work on October 7, 2026, covering USDC and EURC and starting with SAP Cloud ERP. USDC is the preferred option for eligible dollar workflows, and EURC serves euro activity. Circle said the service lets approved businesses send and receive stablecoin payments through SAP Pay without leaving their current applications.

SAP introduced SAP Pay on Oct. 6, describing it as a service inside SAP Cloud ERP that runs and reconciles payments when invoices come due. Circle points to supplier payments across borders, transfers between a company's entities and settling payables and receivables.

Circle Mint is open to institutions only and not to individual applicants, and Circle says approval can take one day to a week or longer. Mint links to SAP through an API for minting, redeeming and managing USDC.

An SAP demonstration shows a supplier invoice paid in USDC with approval and payment handled inside standard SAP screens, and SAP says the process can settle in minutes rather than days.

Why it matters

The appeal is placement: stablecoin transfers sit inside the ERP systems finance teams already run, rather than in a stand-alone crypto tool.

Circle says the route works with the banks, approval steps, controls and reporting that companies already use, and it promotes round-the-clock, near-instant settlement, with potential gains in working capital and reconciliation.

The build-out is at an early stage. Circle and Tereina have outlined proof-of-value programs with customers and specialist training rather than a broad production rollout, and they plan training for treasury and payments teams along with work with ecosystem partners.

No transaction volumes or measured customer savings have been published, so how far companies adopt the route is unknown.

What is still unclear

• SAP product-page terms restrict transaction processing to customers or affiliates based in the US or European Union unless documents say otherwise, and how the UK launch fits those terms stays unclear.
• An SAP example covers an unnamed distributor using SAP Pay, but the report ties it to use of the payment service, without measuring uptake of the new USDC route.
• SAP's demonstration describes a workflow rather than live customer transaction volumes, and it does not present the transfer as a stand-alone wallet transaction.
• Banking access can still gate use, since the report says redemption is unsupported for accounts that need an intermediary bank to receive dollar wires.

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