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Intuit Partners with Circle for USDC Integration Across Its Platforms
Intuit has announced a strategic multi-year partnership with stablecoin provider Circle. This collaboration will integrate Circle's USDC token across Intuit's platform, including products like Credit Karma, Mailchimp, TurboTax, and QuickBooks.
- The integration aims to enhance refunds, remittances, savings, and payments beyond what is possible with traditional systems.
- Following the announcement, Intuit's stock rose by over 2% on NASDAQ, reflecting positive market sentiment.
- Intuit's Q1 2026 earnings showed consumer revenue of $894 million, an increase of 21%, with total revenue up 18% at $3.9 billion.
This move is expected to benefit consumers, especially in the US, where regulatory conditions favor crypto assets. The partnership highlights Circle's growing influence in fintech, as its USDC remains a leading stablecoin alongside USDT.