Matthew Prince, the CEO of CloudFlare, introduced a new USD-pegged stablecoin called NET Dollar on Thursday. In a post on X, Prince shared the project’s website link, which states that the token will be fully backed 1:1 by US dollars. The new stablecoin will be available soon. According to the website content, NET Dollar is designed to support agentic commerce. The stablecoin aims to automate payments without human intervention.