Overview

• Cloudflare positioned NET Dollar as a U.S. dollar–backed token to power microtransactions and pay‑per‑use models for an agentic web where autonomous services transact.
• The company said the stablecoin is intended for instant, automated settlements by AI agents, including API purchases and supplier payments triggered on delivery.
• Cloudflare said it is contributing to open payment standards including the Agent Payments Protocol and x402 to support interoperability across the internet.
• Specifics on bank partners, custodians, audit methods for the 1:1 peg, regulatory strategy, fees and any rollout timeline have not been provided.
• The initiative enters a competitive landscape featuring Google’s AP2 and projects from Stripe, Circle, Coinbase and PayPal, with some analysts forecasting stablecoin volumes could reach $1 trillion by 2030.