Terra 2.0 Validator: There Might Be an Algorithmic Stablecoin on the Network
Terra 2.0 blockchain validator Orbital Command has published a potential project roadmap for the next three months that does not rule out the launch of a new algorithmic stablecoin.
According to the document, the first decentralized exchange should appear on the network. At the moment, the Phoenix Finance team has already announced the launch of Terra 2.0 on the blockchain.
Orbital Command has noted the rollout of the DEX should be followed by the launch of the stablecoin.
The validator has said:
“Once we have the DEX, the stablecoin will be critical. It sounds like the emergence of USDC via the Axelar Network bridge looks like a possibility. Based on the high-level conversation, native USDT is also a possibility.”
He has not ruled out the launch of a decentralized stablecoin, which will use an algorithmic peg system or a model based on the provision of other assets.