financemagnates.com
Cloudflare, a U.S.-listed cloud connectivity company, has announced the launch of NET Dollar, a U.S. dollar-backed stablecoin designed to support transactions in the AI-driven Internet.
The token is intended for autonomous software agents, developers, and online creators, enabling automated payments for services and content across borders.
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“The Internet’s next business model will be powered by pay-per-use, fractional payments, and microtransactions, tools that shift incentives toward original, creative content that actually adds value,” commented Matthew Prince, co-founder and CEO of Cloudflare.
“By using our global network, we are going to help modernize the financial rails needed to move money at the speed of the Internet, helping to create a more open and valuable Internet for everyone.”
A Stablecoin Built for the Agentic Web
Dubbed NET Dollar, the new offering is created for the “agentic web,” where AI agents perform tasks such as booking travel, ordering goods, or managing schedules. The stablecoin enables instant and reliable payments across currencies and geographies, allowing both personal and business agents to execute transactions automatically.
According to Cloudflare, the token can help personal agents pay for items immediately when they become available, while business agents could settle supplier payments as soon as deliveries are confirmed.
Cloudflare said NET Dollar is designed to allow creators to be compensated for original content and developers to monetize APIs and applications. The stablecoin is intended to integrate with existing financial systems, providing speed, transparency, and global accessibility.
Prince noted that using Cloudflare’s global network could “modernize the financial rails needed to move money at the speed of the Internet,” supporting a more open and efficient online economy.
Contributing to Open Standards
Cloudflare is also developing open standards, including the Agent Payments Protocol and x402, to simplify sending and receiving online payments. The company emphasized that NET Dollar is designed to be interoperable with other payment systems.
The move places Cloudflare in line with other fintech companies exploring stablecoins, which are projected to reach $1 trillion in transaction volumes by 2030, driven by institutional adoption and cross-border flows.
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