Aon (NYSE:AON) on Monday announced the first known stablecoin insurance premium payment among major global brokers, settling with Coinbase (NASDAQ:COIN) and Paxos using USDC on Ethereum (CRYPTO: ETH) and PayPal USD on Solana (CRYPTO: SOL).
The First Stablecoin Premium Settlement
Aon completed the proof of concept by settling insurance premiums for Coinbase and Paxos across multiple blockchain networks.
The transactions used USDC on Ethereum and PayPal USD (CRYPTO: PYUSD) on Solana, demonstrating flexibility across leading stablecoins and blockchains.
Tim Fletcher, CEO of Aon’s financial services group, said the move advances the firm’s commitment to innovation.
“As tokenized instruments become more widely used, clients need confidence that speed and …