Global Insurance Broker Aon Tests Stablecoin Payments on Ethereum, Solana with Coinbase, Paxos

Global insurance broker Aon tests stablecoin payments on Ethereum, Solana with Coinbase, Paxos

The firm used USDC on Ethereum and PayPal USD on Solana for insurance premium payments, testing how stablecoins could reshape settlements.

Aon Announces First Stablecoin Insurance Premium Payment

/PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, today announced the first known stablecoin insurance premium payment among...

Aon Says Stablecoins Speed Insurance Premium Payments

Global professional services firm Aon said Monday (March 9) that it collaborated with Coinbase and Paxos to complete a stablecoin insurance premium payment. Aon worked with Coinbase and Paxos to settle premium payments for their respective insurance programs, executing transactions across multiple blockchain networks, the companies said in a Monday press release. This successful proof of concept demonstrates how stablecoin technology c…

One of the World's Largest Insurance Firms Paid a Premium in Stablecoins More Stories ETHNews

A firm that advises on $5 trillion in assets completed the first known stablecoin insurance premium payment among major global brokers, using USDC and PayPal USD across two separate blockchain networks. What the Pilot Actually Did Aon completed a proof of concept settling insurance premiums for two clients: Coinbase and Paxos. The test used USDC on Ethereum and PayPal USD on Solana to transfer premium payments that would normally move through tr…

Coinbase (COIN) Stock: Collaborates With Aon and Paxos on Stablecoin Insurance Payment Pilot

TLDR Coinbase collaborates with Aon on blockchain-based insurance premium pilot using stablecoins. Transactions settle nearly instantaneously across global networks using digital tokens. Blockchain technology eliminates multiple intermediaries in payment processing. Immutable ledger records enhance audit trails and financial reconciliation. Growing corporate interest follows improved regulatory framework for digital assets. Corporate finance co…

Global insurance broker Aon tests stablecoin payments with Coinbase, Paxos

The firm used USDC on Ethereum and PayPal USD on Solana for insurance premium payments, testing how stablecoins could reshape settlements.