The integration allows businesses to settle transactions using USDC for dollar-denominated payments and EURC for euro-denominated activity without exiting their existing enterprise resource planning environments. By connecting Circle’s stablecoin infrastructure to SAP Pay, companies can automate payment execution and reconciliation against purchase orders or invoices, aiming to reduce manual file processing and reliance on external financial intermediaries.
SAP Pay currently supports over 40 currencies and multiple payment methods, including ACH and wire transfers. The partnership leverages SAP's massive footprint, as the software giant reports that its customers generate 84% of global commerce. While the companies have not disclosed specific participants, they plan to launch proof-of-value programs in the coming months to train treasury specialists and refine stablecoin-enabled workflows.
Circle’s Arc blockchain will serve as the preferred network for these payment flows. Launched in September 2026, Arc is designed for institutional use with sub-second settlement and USDC-based gas fees. Although Arc is the primary route, the SAP Pay platform remains modular, allowing businesses to maintain control over their preferred payment methods and timing. This move follows a period of significant growth for Circle, which reported $14.8 trillion in on-chain transaction volume for the second quarter of 2026, with USDC circulation reaching $74.1 billion as of October 5.
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