“NET Dollar was designed for a new era — the era of algorithms and autonomous systems. It will enable fully automated payments without human involvement,” the project’s website explains.

The company emphasized that the asset will be able to “function on top of any networks and ecosystems, ensuring frictionless global trade.” While no exact launch date has been revealed, Cloudflare promised the stablecoin will be introduced “in the near future.”

Bitcoin advocate Stepan Gershuni commented that the initiative fits naturally into the digital economy of tomorrow:

“In a few years, the internet will be filled with agents, and they’ll also handle payments — for MCPs and other APIs. Traditional fiat won’t work well for them: it’s expensive, inconvenient, and outdated. Programmable money is the natural choice,” he noted.

Market Outlook: $4 Trillion by 2030

The stablecoin market continues to attract growing interest from both crypto companies and traditional financial institutions. Coinciding with Cloudflare’s announcement, Citigroup analysts revised their forecast upward for the industry’s future size.

“Given the rapid expansion over the past six months and the surge of new projects in the U.S. and worldwide, we now expect stablecoin issuance to reach $1.9 trillion in the base scenario (previously $1.6 trillion), and as much as $4 trillion in the optimistic case (previously $3.7 trillion),” Citi stated.

Back in August, Citi also warned that stablecoins could pose risks to the banking system, since interest-bearing tokens might cause a large-scale withdrawal of deposits.

Currently, the sector’s capitalization exceeds $295.616 billion, according to DeFi Llama.

Currently, the sector’s capitalization exceeds $295.6 billion, according to DeFi Llama.
Source: DeFi Llama

Stripe CEO Patrick Collison recently underlined that stablecoins are gaining ground thanks to their speed, low fees, and reliability compared to traditional finance. He stressed that many businesses rely on them not for speculation, but for real financial operations.

This trend is also reflected in new launches: in May, major U.S. banks reportedly began discussions about creating a joint stablecoin, while in September nine European banks teamed up to develop a euro-pegged token. In August, Web3 wallet MetaMask rolled out the mUSD stablecoin, which expanded from $15 million to $65 million in supply within just a week. Around the same time, Tether introduced a U.S.-focused stablecoin to complement its flagship USDT.