- Cloudflare launches USD-based Net Dollar stablecoin for AI.
- Focus on AI-driven pay-per-use models.
- Potential impact on crypto payments infrastructure.
Cloudflare, Inc. has unveiled NET Dollar, a USD-backed stablecoin for AI-driven transactions, led by CEO Matthew Prince, marking a significant leap in digital payment structures.
The move could redefine financial transactions, leveraging AI technology and Cloudflare’s infrastructure to potentially disrupt traditional payment models and competitor stablecoins.
Cloudflare Inc. has introduced NET Dollar, a new USD-backed stablecoin aimed at revolutionizing AI transactions on the internet. This marks a significant step towards enhancing microtransactions and financial exchanges between autonomous AI agents.
The main entity behind this initiative is Cloudflare, led by CEO Matthew Prince. Cloudflare is collaborating with Coinbase and x402 foundation to establish robust financial rails for these transactions.
“For decades, the business model of the Internet ran on ad platforms and bank transfers. The Internet’s next business model will be powered by pay-per-use, fractional payments, and microtransactions—tools that shift incentives toward original, creative content that actually adds value.” — Matthew Prince, Co-founder and CEO, Cloudflare
NET Dollar aims to transform the business model of the Internet. By focusing on pay-per-use and microtransactions, the initiative promises to promote creative content over traditional ad-driven models.
The introduction of NET Dollar introduces new dynamics to the market, as it seeks to become a staple in AI agent-based payments. The move anticipates impacting payment infrastructure more than traditional cryptocurrency trading avenues.
NET Dollar is fully collateralized, ensuring stability and transparency, but detailed technical documents have not been published. The x402 protocol is at the core of this transformation, positioning NET Dollar as a key player in future AI-driven financial transactions.
Cloudflare’s foray into stablecoins signals a unique intersection of tech infrastructure and cryptocurrency. While the specifics of its integration remain unclear, NET Dollar is expected to influence market dynamics and challenge existing stablecoins like USDC and USDT.
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