Cloudflare, a U.S.-listed cloud connectivity company, launched a U.S. dollar-backed stablecoin to support transactions on 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.
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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,” he explained.
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.
According to the company, 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, the company projected.
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:
This article was written by Jared Kirui at www.financemagnates.com.
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