Aon announced the first known stablecoin insurance premium payment among major global brokers, settling with Coinbase and Paxos using USDC on Ethereum and PayPal USD on Solana. Aon completed the proof of concept by settling insurance premiums for Coinbase and Paxos across multiple blockchain networks. The transactions used USDC on Ethereum and PayPal USD on Solana, demonstrating flexibility across leading stablecoins and blockchains.
Tim Fletcher, CEO of Aon’s financial services group, said the move advances the firm’s commitment to innovation. “As tokenized instruments become more widely used, clients need confidence that speed and innovation do not come at the expense of control,” Fletcher said. The GENIUS Act passage in 2025 established the federal framework for stablecoins that helped support this proof of concept. The regulatory clarity combined with client demand and digital-first financial models creates conditions for broader adoption.
Coinbase Institutional Co-CEO Brett Tejpaul emphasized the infrastructure advantage. “By settling insurance premiums using stablecoins, including USDC, we are helping Aon scale their financial operations with speed, transparency, and scalable institutional-grade infrastructure.” Paxos Head of Treasury Adam Ackermann positioned stablecoins as core infrastructure. “This collaboration with Aon shows how a regulated stablecoin like PYUSD can be integrated directly into treasury workflows for more efficient capital management.”
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