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Cloudflare, a company known for its internet infrastructure services, is preparing to launch a new digital currency called NET Dollar.
This asset will be tied to the US dollar and is designed to support fast and automated payments between online systems and software agents.
The aim of NET Dollar is to make it easier for AI tools, such as automated programs that can book tickets, place online orders, or manage personal schedules, to make purchases or payments without needing human input.
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Cloudflare noted in a press release on September 25 that this form of instant payment could improve how these tools interact with online services.
The company said the new stablecoin will be fully backed by actual US dollars. It will also be built to work across different platforms globally, settle transactions quickly, and allow payments to be controlled by software instructions.
For example, an AI assistant might be able to automatically purchase a product when its price drops or book a ticket as soon as it becomes available.
Cloudflare also sees NET Dollar as a way to support new digital business models. It may help developers earn small amounts of money when their tools are used, allow creators to be paid for their work more directly, and help AI companies pay content owners fairly.
According to Cloudflare CEO Matthew Prince, online businesses have long relied on advertising and traditional banking systems. He noted that the next version of the internet will rely more on small, usage-based payments instead.
Recently, Google introduced a new open-source system for AI payments that includes built-in support for stablecoins, made in partnership with Coinbase
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