Intuit, the fintech company behind TurboTax, QuickBooks, and Credit Karma, said Thursday, Dec. 18, that it has partnered with USDC issuer Circle to add stablecoin capabilities across its platform.

The multi-year agreement will let Intuit use Circle’s infrastructure, as well as USDC itself, to enable faster, lower-cost, and programmable financial transactions for consumers and businesses, according to an official blog post. USDC is currently the second-largest stablecoin, with a market capitalization of nearly $78 billion.

The integration aims to make refunds, remittances, payments, and savings faster and more efficient across Intuit's platforms. The financial management firm said it will leverage its customer base and data to provide quicker access to funds and streamline financial workflows.

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