Overview
- Cloudflare introduced NET Dollar as a 1:1 U.S. dollar‑backed stablecoin intended for instant, automated payments by autonomous AI agents, enabling microtransactions and pay‑per‑use models.
- The company says agents could execute tasks like booking flights, purchasing goods, or paying suppliers upon delivery confirmation with immediate settlement across borders.
- Cloudflare is contributing to interoperability through the Agent Payments Protocol and x402, positioning the token to work with emerging industry standards for agent‑to‑agent payments.
- Operational specifics—banking partners, custodians, blockchain infrastructure, audit arrangements, regulatory approach—have not been disclosed, and the company has not provided a firm launch date beyond signaling availability soon.
- NET Dollar enters a stablecoin market led by Tether and Circle as tech and payments firms pursue agent‑focused rails, including Google’s Agent Payments Protocol work, Coinbase integrations, and Stripe’s Tempo initiative.