Intuit has signed a multiyear partnership with Circle to integrate USDC-based stablecoin payments across its core products, including TurboTax and QuickBooks, as the financial software giant looks to modernize how money moves through its platform.
The agreement, announced Thursday, gives Intuit access to Circle’s stablecoin infrastructure to support faster and lower-cost payment flows tied to tax refunds, business payouts, and other financial services.
Circle is the issuer of USDC, the world’s second-largest dollar-backed stablecoin with a circulating supply of over $78 billion, according to The Block data.
Intuit said the partnership is focused on embedding stablecoin settlement into existing products, but did not outline a rollout timeline or specify whether users will directly hold USDC or if it would initially function as a backend payment rail. The Block reached out to Circle for clarification.
Stablecoins have drawn growing interest from large payments and fintech firms as an alternative to traditional rails such as ACH and wire transfers, particularly for round-the-clock and cross-border settlement. That interest has been reinforced by a clearer U.S. regulatory backdrop following passage of the GENIUS Act earlier this year, which established the country’s first federal framework for dollar-backed stablecoins.
Intuit processes billions of dollars annually across tax refunds, payroll, invoicing, and small-business payments and reports serving more than 100 million customers.
USDC expansion
The move follows a broader push by Circle to place USDC deeper into mainstream financial infrastructure.
Earlier this week, Visa launched stablecoin settlement services for U.S. banks using USDC on Solana, enabling institutions to move funds onchain for back-end payment flows.
Circle has also expanded distribution through partnerships with major crypto exchanges, including Bybit, as it seeks to widen USDC’s global reach.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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