Profile
VNDC profile facts
VNDC (VNDC) static profile: governance model Centralized (CeFi); backing model Crypto-Collateralized; peg Vietnamese Dong.
- Collateral
- Issuer-disclosed VNDC 2.0 USDT/USDC smart-contract collateral on Polygon and BNB Smart Chain; reserve and redemption claims remain high-risk after the March 2026 ONUS/VNDC investigation
- Peg mechanism
- Issuer-controlled mint and redemption through ONUS/VNDC Hub; VNDC 2.0 disclosures describe USDT/USDC collateral pools rather than direct VND bank reserves, with redemption reliability impaired by the March 2026 criminal investigation
- Jurisdiction
- Singapore
- Proof of reserves
- Self-Reported PoR by Jade Labs / VNDC issuer disclosure (vndc.io origin unreachable, HTTP 521 on repeated checks 2026-08-08; on 2026-10-19 vndc.io redirected to an unrelated 'SPE PVTS Packing Video Tracking System' login page; no reserve artefact verifiable) Reserve source
Source: Pharos registry profile fields. This inactive record does not participate in current live monitoring.
VNDC quick answers
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What is VNDC?
VNDC is Jade Labs's VND-denominated token, now disclosed as VNDC 2.0 backed by USDT/USDC pools under issuer and investigation risk. The static profile records its Vietnamese Dong peg mechanism as: Issuer-controlled mint and redemption through ONUS/VNDC Hub; VNDC 2.0 disclosures describe USDT/USDC collateral pools rather than direct VND bank reserves, with redemption reliability impaired by the March 2026 criminal investigation.
Is VNDC safe?
VNDC is a frozen Pharos archive, not a current safety endorsement. The archived static profile records a Centralized (CeFi) governance model, Crypto-Collateralized backing, Self-Reported PoR from Jade Labs / VNDC issuer disclosure (vndc.io origin unreachable, HTTP 521 on repeated checks 2026-08-08; on 2026-10-19 vndc.io redirected to an unrelated 'SPE PVTS Packing Video Tracking System' login page; no reserve artefact verifiable), and notes that issuer or admin freeze controls are recorded.
What backs VNDC?
The archived Pharos profile records VNDC's reserves in its review of Jul 14, 2026 as 100% Issuer-disclosed VNDC 2.0 USDT/USDC collateral pools. Reserve evidence: Self-Reported PoR. Pharos classifies the backing as Crypto-Collateralized.
Can VNDC be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. VNDC is a frozen Pharos archive; the recorded history below is read-only.
