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Fortune
Fortune
Sheryl Estrada

Intuit CFO: Stablecoins are the new 'digital dollar' rail

(Credit: Getty Images)

Good morning. Intuit is entering a multi-year strategic partnership with Circle Internet Group to integrate Circle’s USDC stablecoin and infrastructure across the Intuit platform.

“Our partnership with Circle is a strategic step toward building a world-class financial platform designed for an always-on, global economy,” Intuit CFO Sandeep Aujla told me about the partnership announced on Dec. 18. “By integrating stablecoins like USDC as a new ‘digital dollar’ rail for Intuit, we will help customers move money more seamlessly by extending our platform with a 24/7, programmable method that settles transactions near-instantly and at materially lower cost.”​

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