USDC steps into tax software and Bitcoin DeFi in one day as Circle accelerates expansion
Circle announced two major expansions for USDC on December 18, partnering with Intuit and integrating with Stacks. The collaboration with Intuit will embed USDC into platforms like TurboTax, QuickBooks, and Credit Karma, enabling faster tax refunds, cheaper cross-border payments, and improved small-business cash flows. Separately, Circle launched USDCx on the Bitcoin Layer-2 network Stacks, bringing regulated stablecoin liquidity to Bitcoin DeFi. This allows BTC-secured lending, stablecoin trading pairs, and cross-chain interoperability. Together, these moves position USDC as a bridge between traditional financial software and decentralized crypto ecosystems, potentially normalizing stablecoin use beyond crypto trading.
ambcrypto12/18 16:18