Internet infrastructure leader Cloudflare has unveiled plans to launch a U.S. dollar-pegged stablecoin called the NET Dollar, designed to facilitate seamless financial operations within automated digital ecosystems. The stablecoin will be fully backed by U.S. dollar reserves, ensuring price stability and regulatory compliance.
According to company executives, the NET Dollar will serve as the primary currency for transactional processes between autonomous software agents operating across Cloudflare’s global network. This initiative aims to address the growing need for reliable, instant settlement mechanisms in decentralized applications and web services.
Cloudflare’s extensive infrastructure, which handles significant portions of internet traffic, positions the company uniquely to implement this financial innovation at scale. The stablecoin will integrate directly with Cloudflare’s existing suite of security and performance products, creating a unified ecosystem for digital value transfer.
Industry analysts note that this move represents a significant expansion beyond Cloudflare’s traditional service offerings, potentially creating new revenue streams while enhancing utility for enterprise clients. The company has committed to transparent reserve management and regular third-party audits to maintain trust in the stablecoin’s peg.
The NET Dollar is expected to launch in phased rollouts throughout 2024, with initial testing focusing on enterprise-grade applications before broader public availability. This development marks another step in the convergence of internet infrastructure and financial technology services.
