Circle partners with Intuit and launches USDCx on Stacks to boost Bitcoin DeFi
Circle said on Thursday it has signed a multi-year partnership with Intuit to integrate USDC across TurboTax, QuickBooks and Credit Karma. The move places a widely used dollar stablecoin directly into mainstream tax filing, small-business accounting and consumer finance flows, potentially simplifying crypto tax reporting and bookkeeping for individuals and merchants.
At the same time Circle launched USDCx on the Stacks blockchain through xReserve, creating a native path for USDC-denominated activity on Bitcoin’s ecosystem. By bridging USDC liquidity onto Stacks, the company aims to enable DeFi primitives tied to BTC and broaden on-chain dollar utility. The combined push — product integrations with Intuit and expansion into Bitcoin DeFi — could accelerate USDC adoption and cross-chain liquidity, though market participants and regulators will be watching closely.