NEW YORK, December 29, 2025, 12:06 ET
- Intuit plans to use Circle’s USDC stablecoin infrastructure across TurboTax, QuickBooks and Credit Karma to enable faster, lower-cost money movement. 1
- The company says stablecoins can support round-the-clock, “programmable” payments, refunds and remittances that traditional payment networks cannot easily match. 1
- Intuit has also been pushing into bigger businesses with an AI-native ERP platform, partnering with advisory firm Rehmann to help mid-market clients adopt it. 2
Intuit Inc plans to use Circle Internet Group’s USDC stablecoin and related infrastructure across its TurboTax, QuickBooks and Credit Karma products, aiming to support faster, lower-cost payments and refunds, a recent Investor Monkey report said. 1
The effort matters because stablecoins — digital tokens designed to hold a steady value, often pegged to the U.S. dollar — are increasingly being tested by mainstream financial firms as an always-on alternative to traditional payment rails. 3
For Intuit, stablecoin-based transfers would touch a customer base that the company says totals about 100 million worldwide and sits in the flow of tax refunds and small-business payments. 4
Intuit said on Dec. 18 it signed a multi-year strategic partnership with Circle (NYSE: CRCL) to create a framework to integrate Circle’s stablecoin infrastructure and USDC across Intuit’s platform. 4
“Our partnership with Circle will expand our capabilities to layer stablecoins onto Intuit’s trusted platform,” Intuit CEO Sasan Goodarzi said. 4
Intuit has said the arrangement is designed to enable programmable, round-the-clock transactions inside its products, opening use cases in payments, savings, remittances and refunds that it said are difficult to deliver through conventional payment networks. 1
The company said its tax business operates in a market with more than $100 billion in annual tax refunds, and it framed stablecoins as a way to support faster money movement tied to those flows. 4
Analyst attention has also focused on Intuit’s payments growth and its push beyond core tax software. TheFly reported on Nov. 21 that BMO Capital Markets cut its price target on Intuit to $810 from $870 while reiterating an “Outperform” rating. 1
BMO said Credit Karma and the QuickBooks Online ecosystem were performing slightly better than expected, and pointed to QuickBooks Online’s move into the middle market and growth in payment solutions. 1
Intuit has been building out that middle-market push through Intuit Enterprise Suite, an AI-native ERP platform — enterprise resource planning software that helps businesses run finance and operations in one system — and a partnership with professional advisory firm Rehmann. 2
Intuit said the platform is designed to help scaling businesses manage multi-entity accounting and automate routine workflows, and that Rehmann will support clients migrating from QuickBooks while using AI tools to flag anomalies and assist with routine accounting tasks. 2
Intuit’s move comes as other payments and fintech groups test stablecoins for settlement and transfers. Visa said on Dec. 16 that it would allow U.S. institutions to settle transactions in USDC over the Solana blockchain, starting with Cross River Bank and Lead Bank. 5
PayPal, another major consumer payments firm, launched a U.S. dollar-backed stablecoin in 2023, one of the earliest moves by a large fintech into digital tokens for payments and transfers. 6
Intuit, best known for TurboTax tax-preparation software and QuickBooks accounting tools, has been expanding into money movement and broader financial services through products such as Credit Karma and Mailchimp. 4
