US-NOTERED Cloud Company Cloudflare (Net) announced plans to introduce a US dollar stableecoin for what it calls “Agentic Web” where autonomous AI agents perform tasks such as booking flights or ordering groceries.
The company said Thursday that the token, called Net Dollar, will enable immediate and secure transactions for software agents, developers and creators. Cloudflare framed the initiative as a shift away from the adverted economy that has defined the Internet for decades.
“Internet’s next business model will be driven by payment per use, fractional payments and microtransaction tools that change incentives to original, creative content that actually adds value,” said Matthew Prince, co-founder and CEO of Cloudflare in a statement.
“By using our global network, we will help modernize the financial rails needed to move money to the internet speed, which helps create a more open and valuable internet for everyone,” he added.
The company said it also contributes to standards such as Agent Payments Protocol and X402, which aims to send and receive payments online simpler.
With the move, Cloudflare aims to participate in a list of fintechs and payments that dared to into the red-hot stableecoin trend shaking cross-border payments. These cryptocurrencies, with prices tied to fait money like the US dollar, offer a cheaper, faster alternative to traditional payment rails using blockchains for settlement. For example, Stripe builds its own blockchain, Tempo, for StableCoin transactions and acquired stablecoin infrastructure provider Bridge for $ 1.1 billion.
It is potentially a huge market: StableCecoin transaction volumes can reach $ 1 trillion by 2030, driven by institutional adoption, FX settlement and cross-border streams, the trading company Keyrock Projicated in a report.
