Intuit has partnered with Circle to introduce USDC stablecoin payments in TurboTax and QuickBooks.

Financial software company Intuit has signed a multi-year cooperation agreement with Circle to integrate USDC-based stablecoin payment functionality into its core products, TurboTax and QuickBooks, to optimize the flow of funds in tax refunds, corporate payments, and other financial services. Under the agreement, Intuit will access Circle's stablecoin infrastructure to achieve faster and lower-cost settlement processes. However, the official launch date has not yet been disclosed, nor has it been clarified whether users will directly hold USDC or use it only as a back-end payment channel. Intuit processes billions of dollars annually in tax refunds, payroll, invoices, and SME payments, serving over 100 million users. This cooperation reflects the expanding application of stablecoins in the payment and financial software sectors. Previously, the United States passed the GENIUS Act, establishing the first federal regulatory framework for USD-denominated stablecoins, further promoting the adoption of stablecoins such as USDC in the mainstream financial system. (The Block)