Businesses running SAP Cloud ERP can now settle payments in stablecoin euros, Swiss francs, Swedish kronor and US dollars after Tereina, an SAP backed company, integrated all four of AllUnity’s MiCA regulated stablecoins into SAP Pay. AllUnity is a joint venture between Deutsche Asset Management (formerly DWS), Galaxy and Flow Traders. Last month Tereina announced a collaboration with Circle, supporting its MiCA regulated USDC and EURC stablecoins.
AllUnity envisages this enabling a variety of use cases, from paying suppliers to FX and intracompany treasury management. For Tereina, one of its missions is agentic payments. AllUnity offers conversion between the currencies, which we assume is part of the FX business model, especially with market maker Flow Traders as one of the founders.
“Finance teams need regulated digital money in the currencies they actually invoice in, inside the systems they already run. With SAP Pay, multi currency settlement on stablecoins becomes a standard part of the SAP corporate treasury workflow offered to treasurers worldwide,” said Alexander Höptner, CEO of AllUnity. One of the features offered by AllUnity is the ability for businesses to mint and redeem stablecoins directly with the issuer. That sounds like plumbing, but it matters to treasurers and has an accounting angle.
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