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Cloudflare Launches Stablecoin Offering

Cloudflare Launches Stablecoin Offering

The internet infrastructure company announces entry into the stablecoin market, expanding its digital asset capabilities.

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Fact Check
Multiple credible sources, including a press release from Cloudflare distributed via BusinessWire, explicitly state that the company has announced plans to introduce a U.S. dollar-backed stablecoin named 'NET Dollar'. This is corroborated by reports from news outlets such as CoinDesk and SecurityBrief.
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Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value by pegging it to a reserve asset such as the US dollar or gold.