Cloudflare unveils its stablecoin called NetDollar

Cloudflare unveils its stablecoin called NetDollar

By Invezz
Cloudflare, the global cloud connectivity company, has announced plans to introduce a new US dollar-backed stablecoin called NetDollar. This marks the company's entry into digital finance as the company seeks to support the emerging AI-driven internet economy.

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**Cloudflare Launches NetDollar Stablecoin to Power AI-Driven Internet Economy**

Cloudflare, a leading global cloud connectivity provider, has officially unveiled NetDollar, a groundbreaking US dollar-backed stablecoin designed to revolutionize digital finance and cryptocurrency adoption. This strategic move positions Cloudflare at the forefront of the rapidly expanding DeFi ecosystem and blockchain technology sector.

NetDollar represents Cloudflare's ambitious entry into the cryptocurrency market, specifically targeting the emerging AI-driven internet economy. The stablecoin launch comes as institutional adoption of digital assets continues accelerating, with major tech companies increasingly integrating blockchain solutions into their core services.

This development could significantly impact the broader cryptocurrency landscape, potentially creating new use cases for stablecoins beyond traditional trading and remittances. Cloudflare's massive global infrastructure network positions NetDollar to compete with established stablecoins like USDC and Tether, while supporting next-generation AI applications requiring seamless digital payments.

The announcement reflects growing convergence between traditional tech giants and decentralized finance, as companies seek to capitalize on the expanding crypto economy. Market analysts anticipate NetDollar could drive increased mainstream cryptocurrency adoption through Cloudflare's extensive enterprise client base.

Article Details

Market Sentiment
positive
Category
bitcoin
Reading Time
1 min read
Article Type
Article
Topics & Keywords
#Crypto#News

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Source: Invezz

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