Cloudflare has unveiled plans to develop the NET Dollar, a new stablecoin designed to facilitate instant global payments for digital services. The initiative aims to create a seamless financial infrastructure supporting real-time transactions for developers, content creators, and automated digital systems worldwide.
According to the announcement, the NET Dollar will leverage Cloudflare’s existing global network infrastructure to ensure stability and rapid settlement capabilities. The stablecoin is intended to address current limitations in cross-border payments, particularly for microtransactions and automated digital economies. By utilizing blockchain technology, Cloudflare seeks to eliminate traditional banking delays and high transaction fees that often hinder digital innovation.
Company representatives emphasized that the NET Dollar will maintain a 1:1 peg with the U.S. dollar, ensuring price stability crucial for business applications. The stablecoin will integrate with Cloudflare’s suite of developer tools and services, providing a native payment solution for the company’s extensive user base. This strategic move positions Cloudflare to capture value in the growing digital payments sector while enhancing its ecosystem’s functionality.
The development team highlighted that the stablecoin will feature robust security measures, building upon Cloudflare’s expertise in web infrastructure protection. While specific technical details remain undisclosed, the company confirmed the NET Dollar will operate on a permissioned blockchain network optimized for speed and compliance.
This initiative represents Cloudflare’s first major foray into digital currency development, signaling the company’s expanding vision beyond traditional internet infrastructure services. Industry analysts suggest the move could potentially reshape how digital services handle payments, particularly for automated systems and creator economies requiring instant settlement capabilities.
