The NET Dollar is a stablecoin initiative announced by Cloudflare in late September 2025. Pegged to the U.S. dollar, it is fully collateralized and built to enable the next phase of the internet economy: autonomous commerce driven by AI agents. Cloudflare envisions the NET Dollar as a key tool for reshaping the financial infrastructure of the internet, moving beyond advertising and toward pay-per-use, microtransactions, and programmable payments.
What is NET Dollar?
NET Dollar is Cloudflare’s U.S. dollar-backed stablecoin, designed to power automated transactions in what the company calls "agentic commerce." Unlike speculative crypto assets, its value remains fixed at 1:1 with the dollar, making it a reliable medium of exchange. Its role is to facilitate real-time, programmable, and global payments between machines, AI agents, and businesses.
How does NET Dollar work?
NET Dollar enables programmable payments, where rules and triggers can be embedded into the transaction itself. For example, an AI agent could automatically purchase airline tickets when prices drop, or a supply chain agent could release payments instantly upon delivery confirmation. With this design, payments become frictionless, instant, and globally scalable. This makes it suitable for microtransactions, creator payments, and machine-to-machine commerce.
What is the latest news about NET Dollar?
Cloudflare is developing NET Dollar alongside the x402 Foundation, a joint initiative with Coinbase to standardize AI-driven payments. The x402 protocol is intended as a universal payment layer for autonomous agents, and NET Dollar is a core part of this system. While the launch date has not yet been announced, Cloudflare has positioned the stablecoin as a step toward replacing the ad-driven revenue model of the internet with real-time economic transactions.
Conclusion
NET Dollar represents Cloudflare’s bold move into the Web3 and AI economy. By merging stablecoins with autonomous commerce, Cloudflare aims to modernize online financial infrastructure and enable new business models for the internet. As the project develops, it may play a pivotal role in the future of AI-driven global transactions.
