Validator Terra 2.0 did not exclude the appearance of a new algostablecoin in the network

The validator of the Terra 2.0 blockchain under the nickname Orbital Command has published a potential roadmap for the project for 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

According to him, initially the first decentralized exchange should appear on the network. At the time of writing, the Phoenix Finance team has already announced the launch of Terra 2.0 on the blockchain.

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 the deployment of the DEX should be followed by the launch of the stablecoin.

“Once we have a DEX, the stablecoin will be crucial. It sounds like the emergence of USDC through the Axelar Network bridge looks possible. Judging by the conversation at a high level, the native USDT is also possible, “the validator wrote.

He also did not rule out launching a decentralized stablecoin that would use an algorithmic binding system or a model based on securing other assets.

According to Orbital Command, simultaneously with the DEX, platform providers for liquid staking will appear in the ecosystem. One of them , Stader Labs – has already launched a project in a 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

“As the DEX is launched and liquidity builds up, we are likely to see the emergence of NFT-related activity,” the validator added.

According to him, when the standard set of DeFi tools is launched on Terra 2.0, the network will turn into a “decentralized hub of the Cosmos ecosystem.”

On May 28, the developers launched the main terra 2.0 network. The listing of new LUNA tokens was supported by many centralized exchanges, including Binance, Huobi and Kraken.

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

Luna/USDT hourly chart of binance exchange. Data: TradingView.

Recall, the media learned about the plans of the South Korean authorities to create a temporary Committee on Digital Assets after the collapse of the Terra ecosystem.