Cloudflare Unveils NET Dollar Stablecoin for AI-Driven Web Payments

Cloudflare, the internet infrastructure giant, announced plans to launch the NET Dollar—a USD-backed stablecoin targeting AI-driven microtransactions. The September 25, 2025, reveal positions the token as a cornerstone for the "agentic web," where autonomous AI agents execute tasks like flight bookings or supplier payments. CEO Matthew Prince framed the initiative as modernizing financial rails to "move money at the speed of the internet."

Technical specifics remain undisclosed, including the blockchain platform for issuance. The move mirrors PayPal’s PYUSD rollout, underscoring a broader trend of Web2 firms embracing digital assets. Cloudflare will contribute to open protocols like Agent Payments Protocol and x402, aiming to standardize programmable payments for AI ecosystems.