Cloudflare unveils its stablecoin called NetDollar

Cloudflare, the global cloud connectivity company, has announced plans to introduce a new US dollar-backed stablecoin called NetDollar.

This marks the company’s entry into digital finance as the company seeks to support the emerging AI-driven internet economy.

NetDollar is designed to provide instant, secure, and global payments for the growing world of autonomous AI agents and digital transactions.

A new model for the internet economy

For decades, the online economy has largely relied on advertising revenues and traditional bank transfers.

Cloudflare’s leadership believes that this model is outdated and unsustainable in the age of artificial intelligence (AI).

The company argues that the next phase of the internet will require new forms of monetisation, particularly as AI agents increasingly take on tasks such as booking flights, ordering groceries, and managing business operations.

In the circulated press release, Matthew Prince, Cloudflare’s co-founder and CEO, states that the internet’s future will run on pay-per-use, fractional payments, and microtransactions.

These mechanisms, Prince said, will help reward originality, sustain creativity, and ensure that value flows directly to those who produce it.

NetDollar, built to operate at the speed of the internet, is being positioned as a central tool in this transition.

NetDollar is designed for the agentic web

Cloudflare envisions NetDollar as a currency for the so-called “agentic web,” an ecosystem where autonomous AI systems act on behalf of people and businesses.

For this to work, transactions must be instant, reliable, and globally accessible.

A personal AI agent may need to pay for the cheapest available flight as soon as it becomes available, while a business agent could automatically release funds to a supplier once a delivery is confirmed.

The company insists that existing financial rails are not adequate for this level of speed and automation.

By creating an internet-native stablecoin backed by the US dollar, Cloudflare hopes to give AI agents the financial tools they need to operate seamlessly across borders and time zones.

Market strength and timing

Cloudflare’s move into stablecoins comes as the company is enjoying strong financial performance.

With a market capitalisation of $75.8 billion and year-to-date stock returns of 102%, Cloudflare has established itself as one of the most prominent players in the cloud and security space.

The firm also boasts robust gross profit margins of 76% and revenue growth of 27% year-over-year, underscoring its momentum as it expands into new ventures.

Recent financial results further underline this strength. In the second quarter of 2025, Cloudflare reported revenue of $512.3 million, beating Wall Street expectations.

This performance prompted analysts at Citizens JMP to raise their price target to $250 while maintaining a Market Outperform rating.

Other firms, including Stifel, have reiterated their confidence in the company’s growth opportunities.

If successful, NetDollar could become a key enabler of new business models that reward creators, developers, and AI companies more directly, reducing the industry’s reliance on advertising.

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