Catenaa, Monday, September 29, 2025- Cloudflare CEO Matthew Prince announced last Thursday that the company plans to launch NET Dollar, a US dollar-backed stablecoin designed for automated, frictionless transactions across global networks.
No official launch date was provided, but the company indicated availability is imminent.
The announcement comes as the stablecoin market is projected for rapid growth. Citi analysts recently raised their 2030 estimates, forecasting issuance could reach $1.9 trillion under a base case and $4 trillion in a bull scenario, reflecting strong year-to-date growth and new project developments.
Other major players, including Bank of America, Tether, and Hyperliquid, are also planning USD-pegged stablecoins.
Cloudflare highlighted that NET Dollar is built to support “the rise of agents and machines,” enabling automated transactions without human intervention and interoperable functionality across networks and ecosystems.
The company operates as a global network optimizing web performance, security, and reliability, handling roughly 78 million HTTP requests per second from over 330 cities worldwide.
While Cloudflare’s stock (ticker NET) dipped slightly under 1% in midday trading, its market capitalization remains around $76 billion.
Analysts suggest the NET Dollar launch positions Cloudflare alongside traditional financial and crypto firms expanding their stablecoin portfolios, tapping into an increasingly competitive and fast-growing digital asset sector.
