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

According to Odaily Planet Daily, 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, in order to optimize the efficiency of fund transfers in tax refunds, corporate payments, and other financial services.

According to the agreement, Intuit will integrate with 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 backend payment channel.

Intuit processes billions of dollars annually in tax refunds, payroll, invoicing, and small and medium-sized enterprise payments, serving over 100 million users. This partnership reflects the expanding use of stablecoins in the payments and financial software sectors. Previously, the U.S. passed the GENIUS Act, establishing the first federal regulatory framework for dollar-denominated stablecoins, further promoting the adoption of stablecoins like USDC in the mainstream financial system. (The Block)