HKAN | Sep 27

Cloudflare Announces USD-Backed Stablecoin ‘NET Dollar’ Targeting AI Transactions

Cloudflare has unveiled its own USD-backed stablecoin, dubbed NET Dollar (NET$), aimed at powering AI-driven transactions and enabling seamless payments across decentralized applications.

According to the company, NET Dollar will be fully backed by U.S. dollar reserves and available on multiple blockchain networks. The move is designed to facilitate micro-transactions between AI agents, APIs, and developers in a secure, low-cost, and instant manner.

Key Highlights:

Stablecoin Name: NET Dollar (NET$)
Peg: Fully backed by USD reserves
Purpose: AI micro-payments, API transactions, Web3 services
Networks: Multi-chain availability for scalability and interoperability

Cloudflare says NET Dollar could solve one of the biggest pain points in AI and Web3 — enabling automated payments between AI systems without relying on traditional banking infrastructure.

Industry experts view this as a major step toward integrating AI and blockchain, potentially opening up new business models in the growing AI economy.