Cloudflare Plans to Introduce New US Dollar-Backed Stablecoin

MT Newswires Live

09/25

Cloudflare (NET) said Thursday that it plans to introduce NET Dollar, a new US dollar-backed stablecoin that aims to enable instant, secure transactions for the agentic web.

The company said it is also contributing to open standards such as the Agent Payments Protocol to simplify the process of sending and receiving payments from the internet.

Shares of the company were down 3% in recent Thursday trading.

Price: 212.45, Change: -5.08, Percent Change: -2.34

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