Cloudflare Unveils USD-Backed Stablecoin NET Dollar Targeting AI Transactions

Cloudflare Inc. (NYSE:NET) has initiated the launch of NET Dollar, a USD-backed stablecoin designed for instant AI-driven online transactions, as announced by CEO Matthew Prince. NET Dollar’s introduction highlights a shift towards microtransactions, potentially impacting global payment systems and digital business models, enhancing programmatic operations across various internet activities.