Intuit announced it has signed a multi-year, strategic partnership with Circle Internet Group, Inc. to accelerate next-generation financial services powered by stablecoin technology. The agreement establishes a framework for Intuit to leverage Circle's comprehensive stablecoin infrastructure and USDC across the Intuit platform. Intuit has a long track record as an innovative global financial technology company, helping consumers and businesses navigate taxes, credit, and cash flow at scale.
Stablecoins are the next logical step; they give Intuit a programmable, 24/7, low-friction money rail that can be embedded across the Intuit platform to unlock new experiences in refunds, remittances, savings, and payments that simply weren't possible on legacy rails. Building on decades of customer trust and deep domain expertise, Intuit is the global technology leader that fuels financial success. The company's platform uses data along with artificial intelligence and human intelligence to power prosperity for consumers, businesses, and accountants.
Intuit is uniquely positioned to deliver superior financial outcomes by synthesizing tax, credit, banking, invoice, and payroll data to understand its customers' full financial situation. As a scaled tax player, Intuit participates in one of its customers' most significant annual financial events and provides exceptionally fast access to tax refunds, which can be customers' largest paycheck of the year. This expertise allows Intuit to operate in a market with more than $100 billion in annual tax refunds.
Intuit remains committed to investing in its money platform to deliver market-leading solutions for fast money, lending, and banking. All Intuit products and platform innovations are built with a strong commitment to data privacy, security, and responsible governance.
