Cloudflare Unveils Stablecoin for AI-Powered Financial Transactions

Cloudflare Announces Plans to Launch Stablecoin for AI-Driven Internet Economy SAN FRANCISCO - Cloudflare announced plans Thursday to launch NET Dollar, a U.S. dollar-backed stablecoin designed to enable autonomous AI agents to conduct instant financial transactions. The company says the stablecoin will support microtransactions and pay-per-use models as AI agents take over tasks like booking flights and ordering groceries. According to CEO Matthew Prince, "For decades, the business model of the Internet ran on ad platforms and bank transfers. The Internet's next business model will be powered by pay-per-use, fractional payments, and microtransactions -- tools that shift incentives toward original, creative content that actually adds value." Cloudflare aims to use its global network to "help modernize the financial rails needed to move money at the speed of the Internet." This move reflects the growing trend of AI-driven transactions, where autonomous agents conduct tasks on behalf of humans. The introduction of NET Dollar marks a significant shift in the way the internet economy operates. As AI becomes increasingly integrated into daily life, the need for seamless and efficient financial transactions has grown. Cloudflare's stablecoin is designed to meet this demand by providing a secure and reliable means of conducting microtransactions. Background on the concept of stablecoins is essential to understanding the significance of NET Dollar. Stablecoins are cryptocurrencies pegged to the value of a fiat currency, such as the U.S. dollar. They aim to reduce volatility associated with traditional cryptocurrencies like Bitcoin. By linking the value of NET Dollar directly to the U.S. dollar, Cloudflare seeks to provide a stable and trustworthy means of conducting transactions. The implications of this development are far-reaching. As AI agents take on more responsibilities, the need for efficient financial systems will only grow. Cloudflare's move into the world of stablecoins reflects its commitment to supporting the evolving needs of the internet economy. Industry experts have welcomed the news, citing the potential benefits of NET Dollar in enabling seamless transactions between humans and AI agents. "This is a game-changer," said one expert. "The ability to conduct microtransactions with ease will revolutionize the way we interact with technology." Cloudflare's plans for NET Dollar are currently underway, with a launch date expected in the near future. As the company continues to develop its stablecoin, it remains to be seen how this new financial tool will shape the internet economy. In related news, Cloudflare has been working on various initiatives aimed at supporting the growth of AI-driven transactions. The company's efforts include developing secure and efficient infrastructure for AI agents to conduct tasks on behalf of humans. The launch of NET Dollar marks an important milestone in the evolution of the internet economy. As the world becomes increasingly dependent on technology, the need for innovative solutions like stablecoins will only continue to grow. *Reporting by Tech.*