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Cloudflare plans to launch a dollar-backed stablecoin for artificial intelligence trading.
PANews September 25 news, according to Investing, Cloudflare (NYSE: NET) announced plans to launch NET Dollar. NET Dollar is a dollar-backed stablecoin designed to provide instant and secure transactions for AI-driven online activities. According to the company, NET Dollar will modernize payment infrastructure by enabling cross-currency, cross-region, and cross-timezone transactions. This stablecoin aims for programmatic operations, allowing AI agents to make instant payments based on preset conditions. The company positions NET Dollar as part of a system that shifts from an ad-based revenue model to one that can reward content creators and developers, while also enabling AI companies to compensate content sources.