Cloud as a Service Provider Cloudflare (NYSE: NET) has announced plans to launch a dollar-backed stablecoin called NET Dollar specifically designed to support instant secure transactions in AI-powered web activities.
The company aims to create a payment system to serve the emerging "agent network" where AI agents can perform tasks such as booking airline tickets or ordering groceries on behalf of users. "The next business model of the internet will be driven by pay-per-use, fractional payments, and microtransactions," said Matthew Prince, co-founder and CEO of Cloudflare.
NET Dollar will help modernize payment infrastructure by enabling transactions across currencies, geographies, and time zones. The stablecoin is designed to be programmatic, with AI agents making instant payments based on preset conditions.
Cloudflare plans to launch a dollar-backed stablecoin, NET Dollar
2025-09-25 15:24:01
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