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I'm looking for an IP to digitally generate a sine wave (discrete values). Does Altera have such IP?

DSP/Filter IP

Also called NCO (Numerically Controlled Oscillator), there is an IP called NCO Compiler.
It can be generated using this IP.

As for the NCO compiler, please refer to Altera's web site at the URL link below for an overview and an introduction to its functions.
https://www.altera.co.jp/products/intellectual-property/all-ip/dsp/m-alt-ncocompiler.html

The NCO Compiler IP is free to use with a Quartus Prime / Quartus II subscription license.

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