Circle Internet Group announced a multi-year strategic partnership with Intuit, the global financial technology platform that operates TurboTax, QuickBooks, and Credit Karma.
The collaboration integrates Circle’s USDC stablecoin and infrastructure across Intuit’s platforms. This integration aims to deliver faster, lower-cost financial services to approximately 100 million customers.
The partnership will explore using USDC for applications such as tax refunds, remittances, and payments. These efforts leverage the stablecoin’s 24/7 availability and programmability.
Intuit currently processes over $100 billion in annual tax refunds, which presents a significant opportunity for USDC adoption. Following the announcement, CRCL stock rose at the market open.