Aon tests stablecoin for insurance premium payments

Global insurance broker Aon has completed a Proof of Concept (POC) for processing insurance premium payments using stablecoins, in collaboration with Coinbase and Paxos, CoinDesk reported. The test involved payments with Ethereum-based USDC and Solana-based PayPal USD (PYUSD). This marks the first instance of a global insurance broker using stablecoins for premium payments. The outlet noted this is an early sign that dollar-pegged tokens are beginning to make deeper inroads into corporate finance.