【Market Update】A new stablecoin player is entering the enterprise payments space. Circle has partnered with payments company Tereina to launch the $USDC payment channel in SAP Pay, allowing eligible businesses to settle transactions directly with stablecoins within their existing SAP workflows. The companies say $USDC will be the preferred stablecoin for USD-denominated business, while $EURC will be available for euro-denominated business. However, businesses must have a Circle Mint institutional account to use the feature, and its availability will also depend on their region. Stablecoins are moving beyond trading tools to become part of the financial infrastructure for businesses.

(Source: X)

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