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SAN FRANCISCO - Cloudflare, Inc. (NYSE:NET), a $75.8 billion market cap company with impressive year-to-date returns of 102%, announced plans to introduce NET Dollar, a U.S. dollar-backed stablecoin designed to enable instant and secure transactions for AI-driven web activities. According to InvestingPro data, the company maintains robust gross profit margins of 76%.
The company aims to create a payment system that can support the emerging "agentic web" where AI agents perform tasks on behalf of users, such as booking flights or ordering groceries. With revenue growing at 27% year-over-year, Cloudflare continues to demonstrate strong market momentum.
"The Internet’s next business model will be powered by pay-per-use, fractional payments, and microtransactions—tools that shift incentives toward original, creative content that actually adds value," said Matthew Prince, co-founder and CEO of Cloudflare.
According to the company, NET Dollar will help modernize payment infrastructure by making transactions possible across currencies, geographies, and time zones. The stablecoin is intended to enable programmatic actions where AI agents can make instant payments based on predetermined conditions.
Cloudflare is also contributing to open standards such as the Agent Payments Protocol and x402 to simplify the process of sending and receiving payments online.
The company positions NET Dollar as part of a shift away from ad-based revenue models toward systems that can reward content creators and developers while enabling AI companies to compensate content sources.
Cloudflare operates one of the world’s largest interconnected networks, providing cloud-native products and security services to organizations globally.
The announcement was made in a press release statement that included forward-looking statements about the capabilities and benefits of NET Dollar. The company did not specify when the stablecoin would be available to customers.
In other recent news, Cloudflare reported impressive second-quarter 2025 financial results, surpassing analyst expectations with revenue of $512.3 million against a consensus estimate of $501.0 million. This strong performance led Citizens JMP to raise its price target for Cloudflare to $250, maintaining a Market Outperform rating. Additionally, Cloudflare expanded its Project Galileo initiative, offering free access to Bot Management and AI Crawl Control services to nonprofits and independent media organizations. This expansion aims to help these entities manage how AI services interact with their website content. In another development, Cloudflare became the first Cloud Access Security Broker to integrate with major generative AI platforms, including ChatGPT Enterprise, Claude by Anthropic, and Google Gemini. This integration is designed to provide businesses with better oversight and control over AI usage. Furthermore, Cloudflare announced new AI security features for its Zero Trust platform to enhance organizational security while adopting generative AI applications. Stifel reiterated its Buy rating for Cloudflare, setting a price target of $230, and expressed confidence in the company’s growth opportunities.
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