Stablecoin News

Cloudflare has announced plans to launch NET Dollar, a fully collateralized $USD stablecoin designed for AI-driven payments. CEO Matthew Prince revealed the initiative via social media on Thursday, targeting autonomous software programs that handle transactions without human intervention.

The stablecoin will enable instant payments for AI agents performing tasks like booking travel or purchasing items automatically. Cloudflare positions NET Dollar as infrastructure for the internet's next business model, moving beyond traditional advertising and bank transfers.

The announcement coincides with growing institutional interest in digital payment solutions. Citi analysts recently revised their 2030 stablecoin market projections to $1.9 trillion, with a bullish scenario reaching $4 trillion. This represents a significant upward revision from previous estimates of a $1.6 trillion base case.

Traditional financial institutions are also entering the space, with Bank of America indicating plans to launch its own stablecoin. Hyperliquid recently introduced a USD-pegged token, while Tether announced USAT for the U.S. market.

NET Dollar will support cross-network transactions and global commerce applications. The company emphasized programmable transactions between AI agents and online services as a key differentiating feature. Cloudflare operates data centers across 330+ cities worldwide, processing 78 million HTTP requests per second on average.

The stablecoin launch timeline remains unspecified, though the company stated availability is coming "soon." Cloudflare's stock trades under the ticker NET with an approximately $76 billion market capitalization. Shares declined less than 1% following the announcement during midday trading on Thursday.