CloudFlare set to launch NET Dollar, a USD-backed stablecoin

Matthew Prince, the CEO of CloudFlare, introduced a new USD-pegged stablecoin called NET Dollar on ￰0￱ a post on X, Prince shared the project’s website link, which states that the token will be fully backed 1:1 by US ￰1￱ new stablecoin will be available ￰2￱ Dollar to power agentic commerce According to the website content, NET Dollar is des igned t o support agentic ￰3￱ stablecoin aims to automate payments without human ￰4￱ Dollar is built for autonomous agents and connected ￰5￱ will give them a reliable medium of exchange since machine-to-machine commerce is expanding across the ￰6￱ new stablecoin promises to handle high-frequency transactions with stability and precision.

Moreover, NET dollars will offer real-time ￰7￱ rules, triggers, and workflows can be embedd ed directly into stablecoin ￰8￱ makes the coin programmable and adaptable f or dif ferent use ￰9￱ includes simple payments and complex automated ￰10￱ states that every NET Dollar will be fully collateralized by US ￰11￱ company is focusing on global interoperability, saying NET Dollar will work across ecosystems to support frictionless ￰12￱ is a network infrastructure company that provides services for websites and ￰13￱ acts as a reverse proxy between users and origin servers to improve security, speed, and ￰14￱ company handles about 78 million HTTP requests per second and runs data centers in over 330 cities ￰15￱ rush to issue native stablecoins Crypto projects and traditional finance companies are racing to issue native stablecoins pegged to the US ￰16￱ of America (BoA) has confirmed that it wants to launch a USD-pegged ￰17￱ is also planning to issue its own dollar-backed ￰18￱ reported that Tether is planning to release a stablecoin targeted specifically at the US market, with ticker ￰19￱ coin will be regulated under the GENIUS Act and issued by Anchorage Digital, while Cantor Fitzgerald will act as a ￰20￱ a research titled Stablecoins 2030—Web3 to Wall Street, Citibank analysts raised their 2030 forecast for stablecoin ￰21￱ predicted the base case of stablecoin issuance will be at $1.9 trillion and the bull case at $4.0 ￰22￱ analysts cited rapid growth this year and new project launches as reasons for changing their prediction.

Moreover, the report stated that “Stablecoins are a catalyst for blockchain’s ChatGPT moment in institutional adoption.” At the time of writing, the total market capitalization of stablecoins has reached a new all-time high of $298 ￰23￱ market’s 24-hour trading volumes hover near $187 ￰24￱ on CoinGecko data , Tether (USDT) ranks first with a market cap of $173.2 billion, followed by USD Coin (USDC) at around $73.9 ￰25￱ up to Bybit and start trading with $30,050 in welcome gifts