The internet infrastructure giant Cloudflare has announced its entry into the Agent economic infrastructure space with the launch of the Agentic stablecoin, named NET Dollar. These Web2 giant companies issuing stablecoins are all targeting the emerging Agent payment market, rather than following Circle’s strategy of creating a liquidity network through massive subsidies to compete with Tether’s scale advantage. As a result, among the crypto-native stablecoin projects, the four Agent payment frontrunners—Kite AI, Tempo, Arc, and Stable—are more deserving of our long-term attention and deep involvement. Their ROI is highly likely to be no less than Plasma.