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 reportedly intended for autonomous software agents,
developers, and online creators, enabling automated payments for services and
content across borders.
Digital assets meet tradfi in London at the fmls25
“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
The new offering is reportedly created for what the company described as 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.
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.
Commenting about the move, Simon Taylor, Founder of
Fintech Brainfood, said: “Cloudflare helps host websites, prevent bot attacks,
and now they’re launching NET Dollar, a USD-backed stablecoin built for
autonomous commerce.”
By issuing their own stablecoin, they get to collect
the yield on the float. I was dubious of agent-to-agent payments + AI, but I’m
now convinced it’s inevitable.
Related: Coinbase to List First Singapore Dollar Stablecoin in Collaboration with StraitsX
Cloudflare said NET Dollar is designed to compensate creators for original content and developers for monetizing APIs
and applications. The stablecoin is intended to integrate with existing
financial systems, providing speed, transparency, and global accessibility.
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 puts Cloudflare in line with other fintech companies exploring stablecoins. Driven by institutional adoption and cross-border flows, stablecoins are projected to reach $1 trillion in transaction volumes by 2030.
In Singapore, Coinbase teamed up with StraitsX to launch XSGD, the first Singapore dollar-backed stablecoin reportedly recognized by the
Monetary Authority of Singapore. The move expanded Coinbase’s stablecoin lineup
and provides new cross-border payment options, with XSGD expected to be listed
on Coinbase and trading early next week.
More on stablecoins:
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 reportedly intended for autonomous software agents,
developers, and online creators, enabling automated payments for services and
content across borders.
Digital assets meet tradfi in London at the fmls25
“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
The new offering is reportedly created for what the company described as 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.
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.
Commenting about the move, Simon Taylor, Founder of
Fintech Brainfood, said: “Cloudflare helps host websites, prevent bot attacks,
and now they’re launching NET Dollar, a USD-backed stablecoin built for
autonomous commerce.”
By issuing their own stablecoin, they get to collect
the yield on the float. I was dubious of agent-to-agent payments + AI, but I’m
now convinced it’s inevitable.
Related: Coinbase to List First Singapore Dollar Stablecoin in Collaboration with StraitsX
Cloudflare said NET Dollar is designed to compensate creators for original content and developers for monetizing APIs
and applications. The stablecoin is intended to integrate with existing
financial systems, providing speed, transparency, and global accessibility.
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 puts Cloudflare in line with other fintech companies exploring stablecoins. Driven by institutional adoption and cross-border flows, stablecoins are projected to reach $1 trillion in transaction volumes by 2030.
In Singapore, Coinbase teamed up with StraitsX to launch XSGD, the first Singapore dollar-backed stablecoin reportedly recognized by the
Monetary Authority of Singapore. The move expanded Coinbase’s stablecoin lineup
and provides new cross-border payment options, with XSGD expected to be listed
on Coinbase and trading early next week.
More on stablecoins: