Cloudflare Unveils NET Dollar Stablecoin to Power AI-Driven Internet Commerce

Cloudflare's stock (NET) edged up 0.29% to $218.20 following its announcement of NET Dollar, a U.S. dollar-backed stablecoin designed for AI-powered transactions. The after-hours session saw a slight 0.24% retreat to $217.67 as markets digested the news.

The NET Dollar initiative marks Cloudflare's strategic push into modernizing financial infrastructure for the agentic web. By enabling instant, secure global payments between autonomous AI systems, the stablecoin could fundamentally reshape how machine-to-machine commerce operates—from travel bookings to retail purchases.

This MOVE positions Cloudflare at the intersection of two transformative trends: the rise of autonomous AI agents and the institutional adoption of blockchain-based payment rails. The company's existing infrastructure for web security and content delivery provides a natural foundation for deploying financial solutions at internet scale.