AON, one of the world’s largest insurance brokers that advises $5 trillion in assets, said it conducted a proof-of-concept using a stablecoin to settle insurance premium payments, an early sign that the dollar-pegged token could start to penetrate deeper into corporate financing.
The London-based company has partnered with cryptocurrency exchange Coinbase (COIN) and blockchain infrastructure company Paxos to use Circle Internet’s (CRCL) USDC token on Ethereum and on Solana, according to a press release Monday.
Aon said the move marks the first known example of a major global insurance broker accepting stablecoins for premium settlement, even if only in a controlled demonstration.
While limited in scope, the exercise demonstrates how stablecoins can simplify the flow of large financial payments in the insurance industry. Today’s premiums often go through banks, whose clearing systems can take days to settle, especially across borders. Proponents say blockchain-based payments can move funds within minutes and leave a transparent record of transactions.
The timing also highlights the growing integration of the $300 billion stablecoin asset class into traditional finance as the regulatory backdrop improves. The passage of the American Genius Act of 2025 establishes a federal framework for stablecoin issuers and establishes rules regarding reserves and regulation. This clarity encourages banks, fintechs, and large corporations to test how tokenized dollars fit into existing financial pipelines.
“While widespread adoption of stablecoins in corporate payments is still emerging, the long-term potential is huge,” John King, head of corporate portfolio strategy and treasurer at Aon, said in a statement.
“This work allows us to understand how these mechanisms operate within established systems and frameworks, so we are prepared to evaluate opportunities for efficiency and cost savings as the technology matures.”
Read more: Circle uses its own stablecoin for internal payments, moving $68 million in just 30 minutes