Circle stock slips after US jobs data: Is $81 within reach?

Circle stock slips to $80.19 after U.S. jobless claims beat forecasts, with $80.84 resistance in focus and SAP stablecoin payment trials planned.

• Circle's stock price declined following weaker-than-expected U.S. jobless claims data, impacting cryptocurrency prices and leading to significant liquidations.
• Circle announced a partnership with SAP-backed Tereina to integrate USDC and EURC stablecoin payments into SAP enterprise workflows, aiming to streamline global commerce.
• The article discusses the interplay between macroeconomic data, cryptocurrency market movements, and the strategic partnerships of Circle in expanding the utility of stablecoins.

Topics: Asset types, Infrastructure providers, Integration with defi, Stablecoins digital cash, Tokenization platforms, Rwa collateral lending

Tags: #circle #usdc #sap #stablecoin #joblessclaims #resistancelevel #cryptocurrency #tokenization #jeremyallaire #tereina

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Circle brings USDC, EURC payments to SAP customers through Tereina

Circle is expanding its enterprise payments push through Tereina, giving eligible businesses a way to use its dollar- and euro-backed stablecoins within SAP software.

• Circle is integrating its USDC and EURC stablecoins into SAP's financial software through a partnership with Tereina, enabling businesses to conduct payments within their existing systems.
• This integration aims to leverage SAP's extensive ecosystem, which accounts for 84% of global commerce, for broad enterprise adoption of stablecoin payments.
• The initiative includes testing for global payments and treasury operations, aligning with Circle's broader strategy including the launch of its Arc blockchain for stablecoin transactions.

Topics: Asset types, Infrastructure providers, Payment system integration, Stablecoins digital cash, Tokenization platforms, Stablecoin payments remittances

Tags: #circle #usdc #eurc #sap #tereina #stablecoins #enterprisepayments #blockchain #financialsoftware #arc

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