- Cloudflare plans to launch a U.S. dollar-pegged stablecoin called NET Dollar for use on the internet by autonomous AI agents.
- The company aims to promote pay-per-use and microtransactions as an alternative to traditional ad-based online business models.
- NET Dollar will provide instant and secure payments for developers, software agents, and content creators.
- Cloudflare is contributing to payment standards such as the Agent Payments Protocol and x402 to simplify online transactions.
- Stablecoin transactions could reach $1 trillion by 2030, with firms like Stripe also investing in blockchain-based payment systems.
Cloudflare, a U.S.-listed cloud software company, has announced its intention to introduce a U.S. dollar stablecoin named NET Dollar. The new cryptocurrency is designed for the “agentic web,” where autonomous AI-powered software agents handle tasks like booking travel or managing shopping orders.
The announcement came Thursday from Cloudflare, which stated that NET Dollar would enable instant and secure digital payments for software agents, developers, and content creators. According to the company, this change aims to move away from the advertising-driven business models that have dominated the internet.
Matthew Prince, co-founder and CEO of Cloudflare, said in a statement, “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.” He continued, “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.”
Cloudflare is also contributing to new payment standards, including the Agent Payments Protocol and x402, which are intended to make online payments easier to send and receive. These measures, the company stated, will help support the growing automation on the web as more software agents conduct online transactions.
With this move, Cloudflare joins several fintech organizations and payment companies entering the growing stablecoin market. Stablecoins are digital currencies whose value is tied to fiat money like the U.S. dollar, enabling faster and less expensive transfers versus traditional banking systems by using blockchain technology. For instance, Stripe is developing a blockchain platform called Tempo for stablecoin transactions and has recently acquired stablecoin infrastructure provider Bridge in a $1.1 billion deal.
The market for stablecoin transactions is expanding rapidly. Trading firm Keyrock projects that total stablecoin payments could reach $1 trillion by 2030, propelled by growing institutional use, foreign exchange settlements, and cross-border finance.
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