Cloudflare, the global internet infrastructure powerhouse, has unveiled plans to launch NET Dollar, a fully US dollar-backed stablecoin poised to reshape the financial bedrock of the modern web. Announced on September 25, 2025, this initiative marks Cloudflare’s bold entry into the digital currency race, with the firm aiming to support a new era of AI-driven and agentic online commerce where speed, originality, and microtransactions reign supreme.

Image Source: Cloudflare

Agentic Internet

Cloudflare has operated quietly behind the scenes, powering much of the world’s web infrastructure. Now, with NET Dollar, the company is betting on a future where humans delegate an increasing number of online tasks to autonomous AI agents: think booking flights, ordering groceries, or renewing online subscriptions, all handled instantly and securely in the background by intelligent software. NET Dollar is designed to make that possible, enabling reliable machine-to-machine payments that unlock seamless, automated transactions across a global digital economy.

Company co-founder and CEO Matthew Prince explained, “For decades, the internet’s business model 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”.

How NET Dollar Will Work

Each NET Dollar will be fully collateralized, backed one-to-one by real US dollars held in reserve, offering stability for high-frequency, low-value transactions that can be executed at “the speed of the internet”. While specifics on banking partnerships and technical details remain under wraps, Cloudflare’s ambition is clear: provide a programmable, frictionless currency for autonomous agents, apps, and creators across diverse ecosystems. The stablecoin will offer real-time settlement, global interoperability, and embedded payment logic, allowing developers to design complex rule-based flows for everything from instant API billing to automatic content licensing. The NET Dollar will also support open protocols like the Agent Payments Protocol (APP) and x402, with the goal of making payments simpler and more transparent for all participants.

Why It Matters

Cloudflare’s move underscores a broader shift in tech: major internet firms are moving away from traditional, ad-supported revenue models toward systems that can reward creativity and utility directly, at scale. Stablecoins play a pivotal role in that transition, promising instant, programmable money for both human and non-human users. Analysts project stablecoin transaction volumes could reach as much as $4 trillion by 2030, driven by cross-border payments, institutional flows, and a new wave of web automation.

Looking Ahead

Exact launch dates, regulatory approvals, and underlying blockchain details for NET Dollar remain unannounced, but Cloudflare’s FAQ teases an imminent debut. With the project already creating buzz throughout both the crypto and tech sectors, all eyes will be on how this new stablecoin reimagines digital money for an AI-powered world.