Overview
- Intuit plans to integrate USDC across TurboTax, QuickBooks, Credit Karma and Mailchimp to enable faster refunds, lower-cost cross-border payments, programmable payouts and real-time settlement.
- Circle simultaneously introduced USDCx on Stacks via its xReserve system, bringing interoperable, verifiably backed USDC liquidity to Bitcoin-native DeFi applications.
- The Stacks launch is expected to support uses such as BTC‑collateralized borrowing, stablecoin trading pairs on DEXs and lending markets that require regulated, transparent stable liquidity.
- Shares advanced following the news, with Circle up about 3.3% and Intuit gaining roughly 1.5% to 2% during Thursday trading.
- Neither company provided a product rollout timetable, framing the initiatives as payments infrastructure that could rival legacy rails once engineering, user adoption and approvals are in place.