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Wu said that global insurance brokerage and risk consulting firm Aon announced the completion of a proof of concept (PoC) for paying insurance premiums with stablecoins, making it the first known case among large global insurance brokers. The transaction was completed in collaboration with Coinbase and Paxos, using USD stablecoins for settlement, including USDC on the Ethereum network and PayPal USD (PYUSD) on the Solana network. Aon stated that this move aims to explore the potential of stablecoins in the insurance industry's fund settlement processes to improve cash flow efficiency and promote the digitalization of the insurance value chain.