CMC News

#Cloudflare Plans NET Dollar #Stablecoin Launch

Cloudflare has announced plans to launch NET Dollar, a fully collateralized $USD stablecoin designed for #AI-driven payments. CEO Matthew Prince revealed the initiative via social media on Thursday, targeting autonomous software programs that handle transactions without human intervention.

The stablecoin will enable instant payments for AI agents performing tasks like booking travel or purchasing items automatically. Cloudflare positions NET Dollar as infrastructure for the internet's next business model, moving beyond traditional advertising and bank transfers.

The announcement coincides with growing institutional interest in digital payment solutions. Citi analysts recently revised their 2030 stablecoin market projections to $1.9 trillion, with a bullish scenario reaching $4 trillion. This represents a significant upward revision from previous estimates of a $1.6 trillion base case.

Traditional financial institutions are also entering the space, with Bank of America indicating plans to launch its own stablecoin. #Hyperliquid recently introduced a USD-pegged token, while #Tether announced USAT for the U.S. market.