Intuit to use Circle’s stablecoin for financial platforms

cointelegraphОпубликовано 2025-12-18Обновлено 2025-12-18

Введение

Intuit, the company behind TurboTax, QuickBooks, and Mailchimp, has entered a multi-year strategic partnership with Circle to integrate its stablecoin infrastructure and USDC. The collaboration aims to enable faster and lower-cost payments across Intuit’s platforms for business transactions, tax refunds, and marketing. Circle CEO Jeremy Allaire emphasized that the deal will extend the efficiency of USDC for everyday financial use. USDC is the second-largest stablecoin with a market cap exceeding $77 billion. The U.S. stablecoin market is expected to grow significantly following the passage of the GENIUS Act, which provides regulatory clarity for issuers. This announcement follows the OCC’s conditional approval of Circle for a national trust bank charter, a move also extended to other crypto firms like Ripple and Paxos, signaling broader institutional adoption of digital assets.

Intuit, the company behind TurboTax, Credit Karma, QuickBooks and Mailchimp, announced a “multi-year, strategic partnership” with stablecoin issuer Circle involving its stablecoin infrastructure and USDC (USDC).

In a Thursday notice, Intuit said the agreement with Circle would allow “faster, lower-cost” payments through their platforms, which focus on business transactions, tax refunds and marketing. According to Circle CEO Jeremy Allaire, the deal will “extend the speed, power and efficiency of USDC for everyday financial transactions.”

USDC is the second-largest stablecoin by market capitalization, trailing Tether’s USDt (USDT) by more than $186 billion. According to data from Nansen, USDC’s market cap was more than $77 billion at the time of publication.

The stablecoin market in the United States, following the passage of the GENIUS Act in Congress, is expected to grow considerably as regulations smooth the path for issuers looking to the coins as solutions for payments and other financial transactions. US agencies are establishing guidelines in accordance with the bill before final implementation.

Related: Stablecoins break $300B market cap, post 47% growth year-to-date

The announcement referred to the stablecoins being “embedded across the Intuit platform.” Cointelegraph reached out to Intuit for comment on the potential rollout, but had not received a response at the time of publication.

Circle and others approved for US bank charters

The Intuit partnership followed the US Office of the Comptroller of the Currency (OCC)'s conditional approval of Circle for a national trust bank charter in a landmark decision for crypto companies.

Ripple received a similar approval for its application, and the OCC greenlit BitGo, Fidelity Digital Assets and Paxos, converting their existing state-level trust companies into federally chartered national trust banks.

Magazine: When privacy and AML laws conflict: Crypto projects’ impossible choice

Связанные с этим вопросы

QWhat is the nature of the partnership announced between Intuit and Circle?

AIntuit and Circle announced a multi-year, strategic partnership that involves integrating Circle's stablecoin infrastructure and USDC into Intuit's financial platforms.

QWhich specific Intuit platforms are expected to benefit from this new partnership with Circle?

AThe partnership is expected to benefit Intuit's platforms that focus on business transactions, tax refunds, and marketing, such as TurboTax, Credit Karma, QuickBooks, and Mailchimp.

QWhat are the main benefits that the partnership aims to provide to users?

AThe partnership aims to provide users with faster and lower-cost payments for everyday financial transactions by leveraging the speed, power, and efficiency of the USDC stablecoin.

QHow does the market capitalization of USDC compare to its main competitor, Tether's USDT?

AUSDC is the second-largest stablecoin by market cap, which was over $77 billion at the time of publication, trailing Tether's USDT by more than $186 billion.

QWhat recent regulatory development for crypto companies is mentioned in relation to Circle's new bank charter?

AThe U.S. Office of the Comptroller of the Currency (OCC) conditionally approved Circle for a national trust bank charter, a landmark decision. Similar approvals were also granted to Ripple, BitGo, Fidelity Digital Assets, and Paxos.

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