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Written by: 0xjs@Bitchain Vision
Another Internet giant is going to issue stablecoins.
On September 25, the US network infrastructure giant Cloudflare announced that it plans to launch the US dollar stablecoin NET Dollar (NET is the code of Cloudflare’s listed company on the New York Stock Exchange).
Who is Cloundflare
According to public information, Cloudflare is a US multinational technology company that provides content distribution network (CDN), network security, DNS services and other basic Internet services.Through its global edge network, it provides millions of websites and applications with accelerated access, improved performance and enhanced security to resist cyber attacks and helps customers build a safer internet.
Basically, every Internet service cannot be separated from Cloudflare. For example, when you log in to a website, you ask to verify that you are a real person and then continue to the next step of the service, most of which are provided by Cloudflare.
According to Cloudflare, NET Dollar is a new dollar-backed stablecoin that will provide instant and secure transaction support for the agent web.NET Dollar will help the Internet build a new business model that rewards originality, maintains creativity and empowers innovation in an AI-driven world.
NET Dollar aims at AI intelligent bodies
Cloudflare says AI is fundamentally changing the way humans interact with the Internet.Instead of personally controlling every interaction, humans begin to entrust tasks to autonomous AI agents, such as booking flights, ordering groceries, managing calendars, and more.To achieve this, the underlying financial system also needs to develop.The AI-powered Internet requires instant, global and secure currencies so that AI agents, developers and creators can trade instantly, automatically and reliably.
Cloudflare has been a global company since its inception, committed to helping customers around the world improve performance, secure websites and networks, and develop and deploy applications.Today, Cloudflare is committed to achieving this through transactions, providing a fast, secure and globally accessible Internet native payment system.Stablecoins are one of many tools that, together with existing financial systems, can help the AI-powered Internet thrive and bring speed, trust, and interoperability.
“For decades, the Internet’s business model has relied on advertising platforms and bank transfers. The next business model of the Internet will be powered by pay-per-use, partial payments and microtransactions – tools that shift incentives to truly valuable original creative content. By leveraging our global network, we will help modernize financial channels to enable money transfers at the speed of the Internet, creating a more open and valuable internet for everyone.”
NET Dollar main features and use cases
NET Dollar will have 5 major features:
Agent Business:NET Dollar is built specifically for the rise of agents and machines and will enable seamless automated transactions without human intervention.
Real-time settlement:The rise of autonomous agents and interconnected devices is creating a new economic paradigm.These systems require a reliable medium of exchange that can handle high-frequency automated transactions without human intervention.
Programmable:Rules, triggers, and workflows can be embedded directly into payments, making them smarter and more adaptable.
Global and interoperability:NET Dollar will operate across networks and ecosystems to enable frictionless global trade
1:1 USD support:Each token will be fully collateralized in US dollars to ensure transparency, reliability and price stability.
NET DollarRealize intelligent paymentUse cases:
Make payments anywhere in the world simple:The systems required by the agent are not only able to achieve rapid and secure, but are trustworthy, transparent in recording, and reliable in execution of payments worldwide—spanning currencies, regions and time zones.
Implement instant automation of transactions:Individual agents will be able to perform instant, programmatic operations such as paying for the cheapest air tickets, or ordering immediately when items are on the shelves.The enterprise agent may pay the supplier upon confirmation of delivery as directed.
Open up a new business model for the Internet:NET Dollar will enable creators to receive rewards for unique and original content, developers can easily monetize APIs and applications, while AI companies can give back to the ecosystem that powers them by fairly compensating for content sources.
Cloudflare also said it will contribute to open standards such as agent payment protocols and x402 to simplify the process of sending and receiving payments on the Internet.
