Cloudflare, the renowned cloud connectivity and security provider, has announced the introduction of its own stablecoin, named NET Dollar. This new digital asset is specifically designed to cater to the evolving needs of AI agents and AI-driven transactions, marking a significant step in the convergence of finance and technology.
NET Dollar is a stablecoin fully backed by the U.S. dollar, intended to serve as a reliable medium for transactions within the burgeoning landscape of the agentic web. Cloudflare envisions NET Dollar as a secure and efficient option for transactions both for individual users and businesses alike. The launch signals Cloudflare’s entry into the stablecoin market, following in the footsteps of notable Web2 companies like PayPal and Stripe, who have also ventured into stablecoin technologies.
Matthew Prince, the co-founder and CEO of Cloudflare, articulated the strategic vision behind this initiative, stating, “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 emphasized that Cloudflare plans to leverage its global network infrastructure to modernize financial systems, enabling transactions to occur at Internet speed. He added, “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.”
This strategic initiative comes amid a growing interest in stablecoins, which have become a key focus in the cryptocurrency market throughout 2025. The total value of the stablecoin market has surged by approximately $90 billion since the beginning of the year. Currently, Tether dominates the market, holding over 58% of the total stablecoin market share.
In addition to Cloudflare, several other firms are competing to establish themselves as frontrunners in the stablecoin domain. Notable developments include Stripe’s recent launch of a Layer 1 blockchain called Tempo, Circle’s debut of its Arc stablechain, and Tether’s sister company Bitfinex’s introduction of Plasma.
As the demand for digital currencies continues to grow, Cloudflare’s NET Dollar stablecoin emerges as a potentially influential player in the evolving landscape of decentralized finance and transaction technologies. With its focus on AI-enabled transactions, Cloudflare aims to facilitate a new era of digital commerce that aligns with contemporary internet-based experiences.
In summary, the debut of NET Dollar highlights Cloudflare’s commitment to innovation and its recognition of the changing tides in how value is exchanged online. By creating a stablecoin tailored for artificial intelligence interactions, the company seeks to redefine the frameworks within which financial transactions occur.
