.png)
1 month ago
6
The cloud company said the token, dubbed NET Dollar, will enable instant, global transactions for autonomous agents online.
Sep 25, 2025, 3:33 p.m.
U.S.-listed cloud company Cloudflare (NET) announced plans to intorduve a U.S. dollar stablecoin for what it calls the "agentic web," where autonomous AI agents perform tasks like booking flights or ordering groceries.
The company said on Thursday that the token, dubbed NET Dollar, will enable instant and secure transactions for software agents, developers and creators. Cloudflare framed the initiative as a shift away from the ad-driven economics that have defined the internet for decades.
"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," Matthew Prince, co-founder and CEO of Cloudflare, said in a statement.
"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 added.
The firm said itis also contributing to standards such as the Agent Payments Protocol and x402, which aim to make sending and receiving payments online simpler.
With the move, Cloudflare aims to join a roster of fintechs and payments firms that ventured into the red-hot stablecoin trend that's shaking up cross-border payments. These cryptocurrencies, with prices tied to fait money like the U.S. dollar, offer a cheaper, faster alternative to traditional payment rails using blockchains for settlement. For example, Stripe is building its own blockchain, Tempo, for stablecoin transactions and acquired stablecoin infrastructure provider Bridge for $1.1 billion.
It's potentially a huge market: stablecoin transaction volumes could reach $1 trillion by 2030, driven by institutional adoption, FX settlement and cross-border flows, trading firm Keyrock projected in a report.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
Circle Examines Ways to Reverse Transactions to Counter Fraud, Disputes: FT
Circle is "thinking through ... whether or not there's the possibility of reversibility of transactions," President Heath Tarbert said in an interview
What to know:
- Circle Internet (CRCL) is examining ways of reversing transactions involving its USDC stablecoin, the Financial Times reported.
- Circle President Heath Tarbert said allowing transactions to be refunded in case of fraud or disputes, as is possible in TradFi, would help push stablecoins into the mainstream.
- Such a development may rub certain crypto purists, who consider settlement finality to be non-negotiable, up the wrong way.
