Cloud infrastructure firm Cloudflare is stepping into the digital assets arena with the launch of NET Dollar, a U.S. dollar-backed stablecoin aimed at enabling instant, secure transactions for the emerging AI-driven internet.
The firm says the currency will support automated payments by AI agents, as well as creator rewards and developer monetisation.
According to Cloudflare, NET Dollar is designed for use by personal and business AI agents that can autonomously perform tasks like booking flights at the lowest prices or purchasing items immediately when they go on sale.
The company explained,
“Personal agents will be able to take instant, programmatic actions like paying for the cheapest flight, or ordering an item the moment it goes on sale.”
The stablecoin is also intended to facilitate real-time settlement across borders and currencies, allowing creators and developers to receive payments automatically.
Source: Cloudflare
Matthew Prince, Cloudflare’s co-founder and CEO, said,
“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—tools that shift incentives toward original, creative content that actually adds value. By using our global network, we are going to help modernise the financial rails needed to move money at the speed of the Internet, helping to create a more open and valuable Internet for everyone.”
The stablecoin comes at a time when the global stablecoin market is approaching $300 billion, with Tether’s USDt and Circle’s USDC leading at $173 billion and $73.7 billion respectively.
Other recent launches include South Korea’s KRW1, the offshore Chinese yuan-backed AxCNH by AnchorX, and Hyperliquid’s USDH.
Tether also unveiled a new US dollar-backed token, USAT, designed to comply with the GENIUS Act in the U.S.
Experts suggest that AI agents could emerge as significant users of stablecoins, handling everyday transactions from grocery shopping to subscription services.
Galaxy Digital CEO Mike Novogratz recently predicted that autonomous software programs could become the largest drivers of stablecoin usage.
Cloudflare intends NET Dollar to serve as a financial infrastructure layer for an AI-driven internet, allowing automated, transparent transactions for both creators and developers.
Payments could include compensating content creators, monetising APIs, and executing business transactions such as supplier payments on delivery confirmation.
The stablecoin is designed to operate globally, across currencies and time zones, providing a reliable alternative to traditional ad-based or bank transfer-dependent models.
Cloudflare joins a growing list of technology firms exploring stablecoins, with Google recently introducing an open-source AI payments protocol backed by Coinbase.
Other Web2 companies, such as PayPal and Stripe, are also building infrastructure to support digital currencies.
Cloudflare has additionally set up the x402 Foundation in partnership with Coinbase to develop open standards for digital payments.
While Cloudflare has not disclosed an exact launch date, the NET Dollar webpage notes the stablecoin “will be made available soon.”
The initiative marks the firm’s latest effort to blend cloud infrastructure with financial services in preparation for a future where AI-driven automation plays a central role in online commerce.
Stock trading for Cloudflare was recorded at $217.98, reflecting an 11.5% rise over the past month, signalling investor interest in the firm’s move into digital finance.
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