Cloudflare Introduces NET Dollar Stablecoin for AI-Driven Internet Economy
Cloudflare, a U.S.-listed cloud company, plans to introduce a U.S. dollar stablecoin called NET Dollar.
The NET Dollar aims to facilitate instant and secure transactions for software agents, developers, and creators in the "agentic web."
This initiative marks a shift from traditional ad-driven internet economics to a pay-per-use model with fractional payments and microtransactions.
Matthew Prince, CEO of Cloudflare, emphasizes modernizing financial infrastructures to support faster money movement over the Internet.
Cloudflare is involved in developing standards like the Agent Payments Protocol and x402 to simplify online transactions.
Stablecoin adoption is growing among fintechs and payment firms, offering a cheaper, faster alternative to traditional payment systems using blockchain technology.
Stripe is also entering the stablecoin space with its own blockchain, Tempo, and has acquired Bridge, a stablecoin infrastructure provider, for $1.1 billion.
Stablecoin transaction volumes are projected to reach $1 trillion by 2030, driven by institutional use and cross-border flows, according to Keyrock.
