Intuit, the fintech company behind TurboTax, QuickBooks, and Credit Karma, said Thursday, Dec. 18, that it has partnered with USDC issuer Circle to add stablecoin capabilities across its platform.
The multi-year agreement will let Intuit use Circle’s infrastructure, as well as USDC itself, to enable faster, lower-cost, and programmable financial transactions for consumers and businesses, according to an official blog post. USDC is currently the second-largest stablecoin, with a market capitalization of nearly $78 billion.
The integration aims to make refunds, remittances, payments, and savings faster and more efficient across Intuit's platforms. The financial management firm said it will leverage its customer base and data to provide quicker access to funds and streamline financial workflows.
“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, in the release. “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.”
Stablecoins Go Mainstream
The partnership reflects a growing trend among fintech and traditional financial firms to explore stablecoins and blockchain-based payment rails. Just two days ago, payments giant Visa unveiled USDC settlement in the U.S., allowing issuer and acquirer partners to settle transactions via Circle’s stablecoin on Visa’s payment rails. The pilot begins with Cross River Bank and Lead Bank on Solana, with broader partner expansion expected in 2026, The Defiant previously reported.
Earlier today, The Defiant reported that U.S. online SoFi is issuing its own USD-backed stablecoin, SoFiUSD, which will launch on an as yet unspecified permissionless blockchain. Access to the bank’s stablecoin will be rolled out to all SoFi customers in the coming months.
Also recently, Western Union announced it would launch a dollar-backed stablecoin on Solana, while Citi revealed plans it was working with Coinbase to enable stablecoin payments for institutional clients.
Total stablecoin market capitalization has jumped from $206 billion at the start of 2025 to over $309 billion today, highlighting the sector's move beyond crypto experiments into mainstream financial infrastructure.
