Terra 2.0 validator does not rule out the emergence of a new algorithmic stablecoin

The Terra 2.0 blockchain validator, operating under the handle Orbital Command, published a potential roadmap for the project over the next three months. He did not rule out the launch of a new algorithmic stablecoin.

1/11 Successfully launch just 2 weeks after the vicious Terra 1 death spiral ✅

Immediately achieve the highest valuation in all of Cosmos ✅

What’s next for @Terra_Money 2.0?

Let’s discuss the likely Terra 2 roadmap for the next 3 months. 🧵👇

— Orbital Command (🌎,🌔) (@orbital_command) June 1, 2022

He said the network should initially host the first decentralized exchange. By the time of writing, Phoenix Finance had already announced its Terra 2.0 launch.

Phoenix goes live as the first dex to launch on Terra 2.0 👏 https://t.co/fXv5vMczYw

— Do Kwon 🌕 (@stablekwon) June 2, 2022

Orbital Command noted that a stablecoin should follow the rollout of the DEX.

«As soon as we have a DEX, the stablecoin will be pivotal. It sounds like the appearance of USDC via the Axelar Network bridge seems possible. Judging by high-level discussions, native USDT is also possible», — написал валидатор.

He also did not rule out the launch of a decentralized stablecoin that would use an algorithmic peg or a collateral-backed model.

According to Orbital Command, alongside the DEX the ecosystem will see platform providers for liquid staking. One such provider, Stader Labs, has already launched its project on the new network.

🚀🚀🚀
Stader’s LunaX is now live on Terra 2.0

Get LunaX with a single click & avail the following benefits:

-Auto compounded staking rewards

-A set of 10 best-in-class validators promoting decentralization

-Instant liquidity on @Phoenixfinan and @terraswap_io

Also, pic.twitter.com/YFgZ3xmN2E

— Stader Labs (@staderlabs) June 2, 2022

«По мере запуска DEX и накопления ликвидности мы, вероятно, увидим появление активности, связанной с NFT», — добавил валидатор.

According to him, when Terra 2.0 launches a standard set of DeFi tools, the network will become a decentralized hub Cosmos ecosystem.

On May 28, the Terra 2.0 mainnet was launched by developers. LUNA listings backed by many centralized exchanges, including Binance, Huobi and Kraken.

At the time of writing LUNA is trading near $7.45.

Earlier, reports indicated that South Korean authorities planned to establish a temporary Committee on Digital Assets following the Terra ecosystem collapse.

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