Financial software giant Intuit has signed a multi-year partnership with Circle to integrate USDC stablecoin infrastructure across its core products.
The deal brings cryptocurrency-based payment capabilities to TurboTax, QuickBooks, Credit Karma, and Mailchimp.
Intuit processes over $100 billion annually in tax refunds and serves approximately 100 million customers worldwide.
The company announced the agreement on Thursday as part of its broader strategy to modernize payment flows.
What Happened
Circle will provide its USDC infrastructure to enable stablecoin-based settlement for Intuit's financial services.
The partnership establishes a framework for faster, lower-cost payment options across tax refunds, business payouts, and financial transactions.
USDC is the world's second-largest stablecoin with a market cap exceeding $78 billion.
Intuit did not disclose specific rollout timelines or whether users will directly hold USDC.
The company confirmed the stablecoin would initially function as a backend payment rail.
Circle CEO Jeremy Allaire described Intuit's scale and market leadership as ideal for extending USDC's reach into everyday financial transactions.
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Why It Matters
The deal marks another major institutional adoption of stablecoins following Visa's launch of USDC settlement services for U.S. banks on December 16.
Visa now allows financial institutions to settle transactions using USDC on Solana's (SOL) blockchain.
Cross River Bank and Lead Bank are among the first participants in the program.
Regulatory clarity has accelerated institutional interest in stablecoins.
The GENIUS Act, signed into law in July 2025, established the first federal framework for dollar-backed stablecoins in the United States.
The legislation requires stablecoin issuers to maintain 1:1 reserves backed by cash and U.S. Treasuries.
Circle has expanded its distribution strategy through recent partnerships with major cryptocurrency exchanges including Bybit.
The Bybit agreement, announced December 8, aims to enhance USDC liquidity across spot and derivatives markets globally.
Intuit's integration positions USDC for mainstream adoption in consumer tax services and small-business payment flows - two of the largest recurring money-movement channels in American finance.
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