Cloudflare Announces NET Dollar Stablecoin for Web Payments

Cloudflare is stepping into the world of digital currency with a new project called NET Dollar. It plans to launch this as a fully backed stablecoin tied to the U.S. dollar. According to CEO Matthew Prince, the idea is to help build a better foundation for how the internet handles payments and value.

Why Cloudflare Is Entering the Stablecoin Space

Although Cloudflare is known for its internet security and performance tools, the company sees a bigger role for itself. As AI and smart systems grow more common, there is a clear need for a faster and more efficient way to move money.

Introducing NET Dollar: https://t.co/D5QrMDx0qG.

— Matthew Prince

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