Intuit taps Circle’s USDC to add stablecoin payments across TurboTax and QuickBooks

Intuit has entered a multiyear partnership with Circle to integrate USDC stablecoin payments across its major products, including TurboTax and QuickBooks, aiming to modernize its financial transaction flows. This agreement grants Intuit access to Circle's stablecoin infrastructure to facilitate quicker and cheaper payments related to tax refunds, business payouts, and other services. While the integration focuses on embedding stablecoin settlement, Intuit has not yet specified a rollout timeline or whether users will directly hold USDC or if it will function purely as a backend rail. This move aligns with growing fintech interest in stablecoins as an alternative to traditional rails like ACH and wire transfers, especially following the establishment of a federal framework for dollar-backed stablecoins in the U.S. Circle is actively expanding USDC's reach through partnerships with major financial infrastructure players like Visa and crypto exchanges.

(Source：The Block)