Tech Giant Cloudflare to Launch NET Dollar Stablecoin for 'AI-Driven Internet'

Cloudflare is set to launch its own U.S. dollar-backed stablecoin, named the NET Dollar, aimed at advancing the future of AI-powered finance on the internet. Cloudflare CEO Matthew Prince stated that the internet's business model is shifting from traditional ad platforms and bank transfers to a model focused on pay-per-use, fractional payments, and microtransactions. He believes this transformation will promote original, creative content that provides real value. The NET Dollar intends to streamline financial transactions at internet speed, making the financial systems more efficient. Although details about the specific blockchain hosting the stablecoin are still unaddressed, the announcement signifies Cloudflare's commitment to modernizing the financial infrastructure necessary for this new era of internet-powered capitalism. This move aligns with emerging trends in automated trading and micro-transactions, which are becoming increasingly integral to the financial landscape.

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