Cloudflare Introduces NET Dollar for AI-Driven Transactions
Cloudflare has announced the introduction of NET Dollar, a new U.S. dollar-backed stablecoin aimed at supporting secure and instant transactions for the agentic web, announced in a press release. This initiative is part of Cloudflare's strategy to modernize the financial infrastructure needed for an AI-driven Internet.
NET Dollar is designed to enable a new business model for the Internet, focusing on pay-per-use, fractional payments, and microtransactions. These tools are intended to reward originality and creativity, allowing developers and creators to monetize their work more effectively. The stablecoin will facilitate global transactions that are fast, secure, and reliable, catering to the needs of AI agents, developers, and creators.
Cloudflare is also contributing to open standards like the Agent Payments Protocol and x402, which aim to simplify online payment processes. This move is expected to enhance the Internet's economy by providing a seamless, Internet-native payment system that is accessible worldwide.
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