Circle's October 7 SAP partnership: What it means for the USDC price

Published on 10/19/2026 at 08:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The EBA will oversee USDC reserves from November 12, 2026. The USDC price is 1.0009 USD on October 16, 2026.

Regulation and payment integration

Circle announced an SAP payment integration for USDC on October 7, 2026.
The EBA will assume direct oversight of reserves and liquidity on November 12, 2026, among 45 notified e-money tokens.
The USDC price stands at 1.0009 USD as of October 16, 2026.
USDC processed 14.8 trillion USD in on-chain transaction volume during the second quarter of 2026.

USDC, XCRYPTOUSDC0, Illustration mit AI erstellt.

Circle announced on October 7 that USDC (USDC) would serve as the preferred stablecoin for eligible dollar-denominated payments in an integration with SAP-backed Tereina. The USDC price is 1.0009 USD as of October 16, 2026, according to Investing.com.

SAP integration covers two business systems

The arrangement allows eligible companies to send and receive USDC through SAP Pay and SAP Cloud ERP, according to Crypto News. The same report said USDC would be used for dollar-denominated activity, while EURC would support euro-denominated payments, creating a defined split between the two stablecoins in the planned business-payment setup.

Crypto News also reported that USDC recorded 14.8 trillion USD in on-chain transaction volume during the second quarter of 2026, a measure of transfers across supported networks rather than revenue. The report placed USDC circulation at 74.1 billion USD on October 5, 2026, according to Circle reserve data cited in the article.

MiCA oversight starts November 12

The European Banking Authority classified USDC as a significant e-money token under the Markets in Crypto-Assets Regulation on October 14, 2026. From November 12, 2026, the EBA will directly supervise USDC own funds, reserve assets, liquidity requirements, and recovery and redemption plans, while France's supervisory authority retains responsibility for governance and related matters, according to Finance Magnates.

The designation makes USDC the first of 45 e-money tokens notified under MiCA to receive significant status, Coinotag reported on October 14, 2026. The regulatory change concerns oversight of reserves and liquidity; it does not change the token's stated dollar peg.

USDC trades near one dollar

The USDC price stands at 1.0009 USD as of October 16, 2026, according to Investing.com. The page lists a daily high of 1.0010 USD and a daily low of 1.0008 USD for the UTC day. Market capitalization is 72.90 billion USD, ranking USDC sixth, while 24-hour volume is 14.60 billion USD. Circulating supply is 72.90 billion USDC, according to Investing.com.