Intuit’s USDC Integration Signals Mainstream Crypto Adoption in Finance
Intuit's stock ROSE 1.23% to $668.88 following the announcement of a multi-year partnership with Circle to integrate the USDC stablecoin for faster payouts across its financial platforms. This collaboration aims to streamline settlements for tax refunds, business transactions, and cross-platform money transfers.
Circle's infrastructure will enable near-instant payments through TurboTax and QuickBooks, leveraging USDC's scalability for high-volume financial flows. The MOVE suggests that regulatory clarity around stablecoins has strengthened Intuit's confidence in blockchain-based settlement systems.
This development highlights the growing institutional adoption of crypto-native solutions to modernize traditional financial processes. Intuit's ecosystem upgrade represents a strategic investment in programmable money as the next evolution in business payments.