Intuit to use Circle’s stablecoin for financial platforms

Intuit — yeah, the TurboTax/QuickBooks/Credit Karma/Mailchimp giant — just dropped a bombshell: they're partnering with Circle to integrate USDC stablecoin infrastructure across their entire financial platform ecosystem. This isn't just a pilot — it's a "multi-year, strategic partnership" that could fundamentally change how millions handle business payments, tax refunds, and marketing transactions.

Circle CEO Jeremy Allaire called it a game-changer: this deal will "extend the speed, power and efficiency of USDC for everyday financial transactions." Translation: faster, cheaper payments are coming to Intuit's massive user base.

Quick USDC stats for the crypto-curious: it's the second-largest stablecoin by market cap (trailing Tether's USDT by over $186 billion). According to Nansen data, USDC's market cap was sitting at over $77 billion when this news broke. Not exactly pocket change.

This move comes at a perfect regulatory moment. The GENIUS Act just passed Congress, creating a clearer path for stablecoin adoption in the US. Government agencies are currently working out the implementation guidelines — meaning the timing for this partnership couldn't be better.

The announcement specifically mentions stablecoins being "embedded across the Intuit platform" — though exact rollout details are still under wraps. Cointelegraph reached out to Intuit for specifics but hasn't heard back yet.

This partnership follows another massive win for Circle: the US Office of the Comptroller of the Currency (OCC) just gave them conditional approval for a national trust bank charter. Circle wasn't alone — Ripple, BitGo, Fidelity Digital Assets, and Paxos all got similar green lights, converting their state-level trust companies into federally chartered national trust banks.

Bottom line: Traditional finance is getting a crypto makeover, and Intuit just placed a major bet on where the future of money movement is headed. Watch this space — your tax refund might just arrive via stablecoin sooner than you think.