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Cloudflare bets on NET Dollar stablecoin for global AI transactions
Cloudflare is launching its NET Dollar stablecoin to serve as the fundamental payment layer for autonomous AI agents, enabling them to execute microtransactions at internet scale and speed.
According to a press release dated Sept. 25, the infrastructure giant plans to introduce NET Dollar, a U.S. dollar-backed stablecoin designed specifically for the “agentic web.” Cloudflare bills the new digital currency as critical financial infrastructure for an internet where AI agents routinely conduct business on behalf of users.
The company’s rationale hinges on the belief that legacy banking systems and even first-generation crypto payments are too slow and costly for the emerging machine-to-machine economy.
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