Cloudflare анонсирует автоматизированный стейблкоин NET Dollar для торговли будущего Headline: Cloudflare announces automated stablecoin NET Dollar for future commerce

The network services provider Cloudflare is set to launch a stablecoin called NET Dollar, as announced by the company’s CEO, Matthew Prince.

«NET Dollar is designed for a new era—an era of algorithms and machines. It will facilitate fully automated transactions without human intervention,» states the stablecoin project’s website.

Cloudflare added that the asset will «operate across any networks and ecosystems, enabling seamless global trade.» While the company hasn’t specified the exact launch date, they promise to unveil the coin «soon.»

Bitcoin evangelist Stepan Gershuni remarked that the stablecoin from the network services provider is a logical fit within the infrastructure of the future.

«In a few years, the internet will be navigated solely by agents, and they will be the ones making payments. For various MCPs and other APIs, it’s clear that using fiat money is impractical, expensive, and quite frankly, a hassle. Programmable currencies are the way to go,» he added.

Interest in stablecoins is growing among major players in both the crypto industry and traditional finance. Following Cloudflare’s announcement, analysts from Citigroup raised their projections for the stablecoin sector by 2030.

«Amid strong market growth over the past six months and a plethora of new projects emerging in the U.S. and worldwide, we have revised our expectations for stablecoin issuance: the baseline scenario predicts up to $1.9 trillion (previously $1.6 trillion), and the optimistic scenario forecasts up to $4 trillion (previously $3.7 trillion),» they stated.

In August, Citi experts warned that stablecoins could pose a threat to banks, suggesting that interest payments on such assets could trigger a mass withdrawal of deposits from the banking system.

As of the time of writing, the market capitalization of the segment exceeds $295.6 billion.

Previously, Stripe CEO Patrick Collison noted that stablecoins are gaining traction due to their speed, cost-effectiveness, and reliability compared to traditional financial systems. According to him, a vast number of companies utilize these assets not for speculative gains but for genuine financial activities.

In May, reports indicated that major U.S. banks were in discussions to jointly issue a stablecoin. In September, nine leading European banks unified efforts to launch a euro-backed stablecoin.

In August, the U.S. dollar-pegged stablecoin was launched by the Web3 wallet MetaMask. In just one week, the supply of mUSD rose from $15 million to $65 million. Meanwhile, Tether, the company behind USDT, introduced a «stablecoin» for the U.S. market.

Lastly, it’s worth noting that on September 23, the National Bank of Kazakhstan announced the initiation of a pilot project for a stablecoin linked to the tenge, with the involvement of Solana and Mastercard.