Cloudflare, a U.S.-based connectivity cloud company listed on the NYSE, has unveiled plans to launch NET Dollar, a U.S. dollar-backed stablecoin. The new token will support fast, secure, and global payments for what the company calls the “AI-driven internet.”
Cloudflare first announced this on its official blog. It later highlighted it on its X account. The move undoubtedly signals a significant shift in how the firm envisions payments on the web.
A New Business Model for the Internet
According to Cloudflare co-founder and CEO Matthew Prince, the stablecoin aims to power the next business model of the internet.
“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,” he said.
Cloudflare believes NET Dollar will allow AI agents, developers, and creators to transact instantly and automatically. The company says this could unlock new ways for original content to get rewards. And for the monetization of applications without relying solely on ads.
Instant and Global Transactions
The stablecoin is built to handle payments across currencies, geographies, and time zones. Cloudflare says NET Dollar will enable instant and automated transactions, such as an AI assistant booking flights or a business agent paying a supplier once a delivery is confirmed.
The firm is also contributing to open standards like the Agent Payments Protocol and x402, which are designed to make online payments easier and more reliable.
With one of the world’s largest internet networks already under its belt, Cloudflare is positioning NET Dollar as a tool to modernize payments in an era where AI agents and microtransactions may soon become the norm.
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