Summary
- Global insurance broker Aon was reported to be testing insurance premium payments using stablecoins.
- Aon said it completed a proof of concept (POC) for processing stablecoin-based premium payments in collaboration with Coinbase and Paxos.
- The test involved premium payments using USDC and PayPal USD (PYUSD), and was described as an early sign that dollar-pegged tokens are expanding into corporate finance.
Forecast Trend Report by Period
Global insurance broker Aon has been found to be testing insurance premium payments using stablecoins.
According to CoinDesk, a digital-asset (cryptocurrency) news outlet, Aon has completed a proof of concept (POC) for processing premium payments using stablecoins in collaboration with Coinbase and Paxos.
The test reportedly processed the premium-payment workflow using Ethereum (ETH)-based USDC and Solana-based PayPal USD (PYUSD).
It is said to be the first case of a global insurance broker using stablecoins for premium payments. The outlet said the case is an early sign that dollar-pegged tokens are expanding into corporate finance.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
