Cloudflare, Inc. (NYSE: NET), a connected cloud company, today announced plans to launch a new dollar-backed stablecoin, NET Dollar, that will provide instant and secure transaction support for the agentic web. Matthew Prince, co-founder and CEO of Cloudflare, said: "By leveraging our global network, we will help modernize financial channels that can move money at the speed of the internet, creating a more open and valuable connected network for everyone."