🚨 Cloudflare Joins the Stablecoin Race: Introducing NET Dollar 🌐💵
On Sept 25, 2025, Cloudflare announced plans to launch its own USD-backed stablecoin called NET Dollar (NET$).
👉 Designed for the upcoming AI-driven “agentic web”, it will enable instant, secure, programmatic payments across networks.
🔑 What We Know
• Backed 1:1 by USD (Cloudflare claim)
• Focus on agent-to-agent microtransactions, cross-network payments, and real-time settlement
• Linked to open payment standards:
• x402 → new web standard using HTTP 402 for pay-per-use API & agent payments
• AP2 (Agent Payments Protocol) → payment-agnostic agent-merchant protocol
• Not live yet → Cloudflare says it will be “made available soon”
⚠️ What’s Still Missing
• No whitepaper published yet
• No info on custodian, reserves, or regulator approvals
• No details on which blockchain(s) NET Dollar will run on
📌 Why It Matters
• Cloudflare runs much of the internet’s infrastructure (CDN, security, DNS) — its entry into stablecoins could mean mass adoption in AI + Web3 payments.
• If they execute well, NET$ could compete with USDC, USDT, and PYUSD, especially in the AI x crypto space.
💡 Watch closely: Details on reserves, compliance, and chain support will determine how credible and adoptable NET$ becomes. Until then, treat this as a big signal, not yet a trading product.
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