Cloudflare Launches Net Dollar, USD Stablecoin for AI
Cloudflare has launched Net Dollar, a USD-pegged stablecoin designed for AI agents and machine-to-machine payments. Backed 1:1 by U.S. dollar reserves in regulated accounts, Net Dollar goes live on Ethereum via Chainlink oracles and integrates with smart-contract platforms. Developers can embed real-time microtransactions for AI services, data feeds and dApps using Cloudflare Workers. The stablecoin supports seamless on-chain swaps with USDC and USDT and plans multi-chain expansion to Arbitrum and Optimism by Q4. Monthly reserve audits, low-latency transfers and programmable payments aim to bridge traditional finance and DeFi. Traders should watch Net Dollar adoption, liquidity pool growth and its competition with leading stablecoins for potential arbitrage and volume opportunities.
Bullish
Net Dollar’s launch is bullish for the crypto market. In the short term, integration with Ethereum and Chainlink oracles, plus on-chain liquidity with USDC/USDT, should boost trading volumes and arbitrage as traders explore new pairs. The low-latency, audited reserve model builds trust and may draw DeFi capital into Net Dollar pools. Over the long term, programmable payments for AI workflows and multi-chain support on Arbitrum and Optimism could accelerate stablecoin demand and DeFi innovation. As a major web infrastructure provider enters the stablecoin arena, Net Dollar may challenge incumbents, deepen liquidity and extend crypto adoption, underpinning sustained market growth.