Aon Announces First Known Stablecoin Insurance Premium Settlement Using PYUSD on Solana

The post says Aon plc, a major global insurance broker, settled an insurance premium payment with PYUSD on Solana, marking a reported stablecoin use case in insurance.

SOL

PYUSD

37d ago

Summary

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Terms & Concepts

Stablecoin: A cryptocurrency designed to maintain a stable value, typically by being pegged to a fiat currency such as the U.S. dollar.
PYUSD: PayPal USD, a U.S. dollar-pegged stablecoin issued for digital payments and settlements on blockchain networks.
Solana: A blockchain network designed for high-speed, low-cost transactions and support for smart contract (self-executing blockchain code) applications.