Cloudflare plans to launch a USD-backed stablecoin, NET Dollar, aimed at AI services

According to Investing, Cloudflare (NYSE: NET) announced plans to launch NET Dollar, a dollar-backed stablecoin designed to provide instant and secure transactions for AI-driven network activities.

According to the company, NET Dollar will help modernize payment infrastructure by enabling transactions across currencies, regions, and time zones. The stablecoin is designed to enable programmatic operations, enabling AI agents to make instant payments based on predetermined conditions. The company positions NET Dollar as part of a shift away from advertising-based revenue models toward a system that rewards content creators and developers, while enabling AI companies to compensate content sources.