Cloudflare announces NET Dollar stablecoin as market forecast to reach $1.9 trillion by 2030

Cloudflare CEO Matthew Prince revealed plans to launch the NET Dollar, a fully USD-collateralized stablecoin, amid growing interest from both crypto and traditional finance sectors in stablecoin issuance. Citi analysts have recently increased their 2030 stablecoin market projections to $1.9 trillion in their base case scenario.