Circle Internet Group Inc. (NYSE:CRCL) shares gained 3.3% on Thursday after the digital financial services company unveiled a multi-year strategic collaboration with Intuit (NASDAQ:INTU), aimed at advancing next-generation financial products built around stablecoin technology. Shares of Intuit also moved higher, rising 1.5% following the announcement.
Under the agreement, Intuit will integrate Circle’s stablecoin infrastructure and USDC across its ecosystem, which includes TurboTax, Credit Karma, QuickBooks, and Mailchimp. The partnership is designed to support faster, lower-cost, and globally accessible financial services throughout Intuit’s product suite.
“Intuit’s massive scale and industry leadership make it an ideal platform to extend the speed, power and efficiency of USDC for everyday financial transactions,” said Jeremy Allaire, Co-Founder, Chairman and CEO of Circle. “Together, we bring a shared commitment to build a more efficient financial system that unlocks powerful new capabilities for people globally.”
Intuit Chief Executive Officer Sasan Goodarzi said the alliance will enhance Intuit’s ability to incorporate stablecoin functionality into its established platform. The company sees stablecoins as a natural progression in its fintech strategy, offering a programmable, always-on, and low-friction payments layer that can be embedded across its services.
The partnership is expected to enable new use cases in areas such as refunds, remittances, savings, and payments—capabilities that have been difficult to achieve through traditional financial infrastructure. Given Intuit’s exposure to a market exceeding $100 billion in annual tax refunds, the collaboration could significantly reshape how customers receive and manage these funds.