Aon plc has announced the first known insurance premium paid with stablecoins among major global brokers, collaborating with clients Coinbae and Paxos to facilitate these transactions. The premium payments were settled using USDC on the Ethereum network and PYUSD (issued by PayPal) on Solana. This development comes as Aon continues to advise risk leaders on addressing hidden exposures related to stablecoins, emphasizing the importance of managing risks associated with digital assets and enabling seamless payments through regulated infrastructures like that of Paxos.
Paxos: Paxos is a regulated trust company offering blockchain infrastructure for stablecoin issuance and payments. It issues PYUSD, PayPal’s USD stablecoin, which operates on networks like Solana. Paxos utilized PYUSD on Solana to settle its insurance program premium through Aon.
Aon plc: Aon plc is a leading global professional services firm specializing in insurance brokerage, risk management, and advisory for financial institutions. It provides industry-leading solutions for digital assets, including risk mitigation for blockchain and cryptocurrency exposures. Aon announced the first known stablecoin insurance premium payment among major global brokers, collaborating with clients Coinbae and Paxos to settle premiums using USDC and PYUSD.
`json
{
“Stablecoin Risks”: “Aon advises risk leaders to address hidden stablecoin exposures in vendors, payments, and treasury for financial stability.”,
“Digital Assets Insurance”: “Aon delivers global solutions to manage blockchain and crypto risks for organizations.”
}
`
Source: matthew_sigel
