In a groundbreaking development for digital finance, Cloudflare, the well-known cloud service provider, has announced the launch of its own stablecoin, NET Dollar. This digital currency is intended to facilitate seamless interactions between artificial intelligence (AI) agents, paving the way for a future where intelligent systems can engage in secure and instantaneous transactions.
NET Dollar is a stablecoin backed by the U.S. dollar, designed specifically for the emerging landscape of the agentic web—a concept that envisions a future where digital entities operate with greater autonomy. Cloudflare aims to position NET Dollar as the preferred medium of exchange for a variety of applications, whether they involve personal use or business transactions.
Matthew Prince, co-founder and CEO of Cloudflare, emphasized the transformative potential of NET Dollar in modernizing the internet’s financial framework. “For decades, the business model of the Internet ran on ad platforms and bank transfers. 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,” Prince stated in his announcement.
With competitors such as PayPal and Stripe already making strides in the stablecoin arena, Cloudflare’s entry reflects a broader trend among technology firms looking to innovate within financial ecosystems. The stablecoin market has witnessed significant growth this year, increasing by nearly $90 billion since January 2025. As of now, Tether maintains its dominance in the sector, comprising more than 58% of the market.
Cloudflare’s announcement comes at a time when the race to establish a dominant stablecoin chain is intensifying. Other companies, including Stripe with its Layer 1 blockchain named Tempo and Circle’s Arc stablechain, are vying to create robust infrastructures for digital currency transactions. Moreover, Bitfinex, in association with Tether, recently introduced its own stablecoin solution called Plasma.
Prince further explained that leveraging Cloudflare’s global network provides the opportunity to enhance the financial infrastructure needed to facilitate transactions at internet speed. “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,” he noted.
The introduction of NET Dollar marks a significant step in the evolution of digital currencies, particularly as they relate to AI applications. As businesses and consumers increasingly rely on AI-driven solutions, the need for efficient and reliable transaction methods becomes paramount. Cloudflare’s stablecoin aims to fill this niche, offering a robust and trusted solution designed for the digital age.
In conclusion, the launch of NET Dollar highlights Cloudflare’s commitment to innovation and its role in shaping the future of digital transactions. As AI continues to permeate various sectors, the emergence of dedicated financial solutions, such as stablecoins, may prove to be pivotal in driving adoption and advancing technology in the interconnected web.
