Cloudflare Unveils NET Dollar for AI-Powered Internet Economy

Cloudflare has introduced NET Dollar, a U.S. dollar-backed stablecoin designed to facilitate instant, global transactions for autonomous AI agents operating online. This initiative aims to revolutionize the business model of the internet by shifting from advertising-driven economics to a model that supports microtransactions and pay-per-use systems. According to CEO Matthew Prince, the new stablecoin will empower developers and software agents to perform tasks like booking flights or ordering groceries more efficiently. Cloudflare is also contributing to industry standards like the Agent Payments Protocol to streamline online payments. This move places Cloudflare among other fintechs embracing the stablecoin trend, which is predicted to generate significant market growth with potential transaction volumes reaching $1 trillion by 2030 due to higher institutional adoption and cross-border flows.

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