Aon Tests Stablecoin Premium Payments With Coinbase
TLDR Aon completed a proof of concept to settle insurance premiums using stablecoins. The company worked with Coinbase and Paxos to execute the blockchain transactions. The trial used USDC on Ethereum and PYUSD on Solana for premium payments. Aon said the demonstration took place in a controlled environment. The company stated that the test helped it assess settlement speed and transaction records. Aon completed a proof-of-concept to settle insurance premiums using stablecoins, according to a Monday release. The company worked with Coinbase and Paxos to process payments on public blockchains. The test used USDC on Ethereum and PYUSD on Solana for controlled premium transactions. Aon, Paxos, Coinbase Execute USDC Transactions on Ethereum Aon said it carried out the trial as one of the world’s largest insurance brokers. The London-based firm advises on about $5 trillion in assets. It processed premium payments using Circle Internet’s USDC token on Ethereum. The company confir...