Cloudflare unveils NET Dollar stablecoin as Senate schedules October 1 crypto tax hearing

Internet infrastructure giant Cloudflare announced plans to launch its dollar-backed NET Dollar stablecoin amid forecasts projecting stablecoin market growth to $1.9-4 trillion by 2030. Simultaneously, the U.S. Senate Finance Committee scheduled an October 1 hearing on crypto taxation featuring testimony from Coinbase's tax VP and other industry experts.