Intuit partners Circle to enable stablecoin payments

By Vriti Gothi

Intuit has partnered with Circle Internet Group to integrate stablecoin-based money movement across its consumer and business financial platforms, marking one of the most significant moves by a mainstream FinTech player into blockchain-powered payments.

Under the agreement, Intuit will gain access to Circle’s stablecoin infrastructure and USDC, with the intent to enable faster, lower-cost and programmable payments across products including TurboTax, QuickBooks and Credit Karma.

The collaboration reflects a broader shift within the FinTech sector, where large platforms are increasingly exploring stablecoins as an alternative to legacy payment rails. Unlike traditional banking systems, stablecoins operate around the clock and can settle transactions near-instantly, offering potential advantages for cross-border payments, refunds, and real-time cash flow management.

For Intuit, the move signals a strategic effort to modernise how money moves across its ecosystem. The company serves millions of consumers and small businesses globally, with particularly deep exposure to tax refunds, invoicing, payroll and cash flow tools. Embedding USDC could allow Intuit to introduce new payment and savings experiences that are difficult to achieve through conventional banking infrastructure.

“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,” said Sasan Goodarzi, CEO of Intuit. “Our partnership with Circle will expand our capabilities to layer stablecoins onto Intuit’s trusted platform as we put money at the center of everything we do, so money works harder and smarter for everyone.”

“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,” said Jeremy Allaire, Co-Founder, Chairman and CEO of Circle. “Together, we bring a shared commitment to build a more efficient financial system that unlocks powerful new capabilities for people globally.”

The announcement comes as stablecoins gain renewed attention from financial institutions and regulators, driven by their potential role in improving payment efficiency while maintaining price stability. For FinTech platforms like Intuit, stablecoins represent a programmable financial layer that could support instant refunds, global remittances and embedded payments without relying solely on traditional banking networks.