Stablecoins: Intuit and Circle Form Multi-Year Partnership

Intuit has signed a multi-year strategic partnership with Circle Internet Group (Circle) to accelerate next-generation financial services powered by stablecoin technology.

The agreement establishes a framework for Intuit to leverage Circle's comprehensive stablecoin infrastructure and USDC across its platform, which includes TurboTax, Credit Karma, QuickBooks and Mailchimp.

The partnership positions Intuit to integrate programmable money movement capabilities into its existing services, addressing what the company views as limitations in legacy payment rails.

Sasan Goodarzi, CEO of Intuit, says: "Intuit is at the forefront of financial innovation to deliver faster, lower-cost and programmable money movement to millions of consumers and businesses to fuel their success."

"Our partnership with Circle will expand our capabilities to layer stablecoins onto Intuit's trusted platform as we put money at the centre of everything we do, so money works harder and smarter for everyone." 

Stablecoin strategy: Scaling incorporation

The move extends Intuit's capabilities in areas including tax refunds, remittances, savings and payments through a 24/7, low-friction money rail.

Stablecoins offer programmable infrastructure that operates outside traditional banking hours, enabling instant settlement and reducing transaction costs compared to conventional payment systems.

Jeremy Allaire, Co-Founder, Chairman and CEO of Circle, says: "Intuit's massive scale and industry leadership make it an ideal platform to extend the speed, power and efficiency of USDC for everyday financial transactions."

"Together, we bring a shared commitment to build a more efficient financial system that unlocks powerful new capabilities for people globally."

Intuit's position as a scaled tax player gives it access to more than US$100bn in annual tax refunds, representing significant annual financial events for its customers.

The company synthesises tax, credit, banking, invoice and payroll data to understand customers' full financial situations, potentially enabling more sophisticated money movement services.

Intuit’s digital strategy continues to evolve

The stablecoin partnership follows Intuit's November announcement of AI agents across its QuickBooks platform in the UK.

The AI agents automate bookkeeping, customer management and financial analysis, reportedly saving businesses up to 12 hours monthly.

Intuit's Growth Gap report revealed that 58% of small and medium-sized business growth potential in the UK remains unrealised due to inefficiencies and decision fatigue.

Circle's expanding infrastructure footprint

Circle recently signed a framework agreement with ClearBank to integrate MiCA-compliant stablecoins into European banking infrastructure.

The October collaboration provides European financial institutions and fintech firms with access to USDC and EURC through Circle Mint in Europe.

Circle became the first global stablecoin issuer to achieve compliance with the EU's Markets in Crypto-Assets regulations by obtaining an Electronic Money Institution licence from France's Autorité de Contrôle Prudentiel et de Résolution.

Among the top 10 stablecoins by market capitalisation, only USDC complies with the new EU rules.

Stablecoin summer: How much is it worth?

The global stablecoin market reached nearly US$270bn in August 2025, according to a report by Boston Consulting Group.

B2B cross-border payments using stablecoins have increased thirty-fold in two years, with over 43% of such payments in Southeast Asia now conducted using stablecoins.

Stablecoins maintain value by pegging to traditional currencies and offer faster settlement times than conventional cross-border payment systems, which can take longer than one business day and cost more than 6%, according to World Bank data.

Recent partnerships across the fintech sector demonstrate growing institutional adoption of stablecoin infrastructure for payment flows.