VNDC

VNDC is a stablecoin that is tightly coupled with the Vietnamese Dong (VND), maintaining a stable 1:1 ratio with the national currency . It was introduced in 2017 as a significant step in merging traditional financial systems with the emerging cryptocurrency ecosystem . Developed by Jade Labs Singapore, LTD, and its partners, VNDC demonstrates a collaborative approach to innovation within the crypto space .

One of the key features of VNDC is its multi-platform operation, including on Ethereum, Binance Smart Chain, and ONUS Chain . This cross-platform functionality not only broadens its reach but also enhances its utility within various blockchain ecosystems .

VNDC's primary goal is to serve the global Vietnamese community by acting as a seamless bridge between conventional financial systems and the digital currency landscape . This is particularly evident in its facilitation of Over-The-Counter (OTC) trading, simplifying the process of buying and selling digital assets and enhancing the efficiency and accessibility of cryptocurrency transactions by reducing the need for multiple intermediaries .

An appealing aspect of VNDC is its staking program, offering users the opportunity to earn interest on their holdings, with potential annual percentage yields (APY) reaching up to 12% . This makes staking VNDC an attractive option for those looking to generate passive income from their cryptocurrency investments .

The VNDC 2.0 upgrade, announced by the VNDC Foundation, introduces a protocol that ensures on-chain liquidity by collateralizing each VNDC with a corresponding amount of USDT, according to the USDT/VNDC exchange rate . This upgrade brings transparency, openness, and convenience to VNDC users, allowing them to convert VNDC tokens into USDT or other assets without intermediaries, and is initially deployed on the ONUSChain network with plans for expansion to other networks like Ethereum, Binance SmartChain, and Arbitrum in the near future .