VNDC (VNDC) stablecoin analytics
VNDC is Jade Labs's VND-denominated token, now disclosed as VNDC 2.0 backed by USDT/USDC pools under issuer and investigation risk.
Static Profile
Static stablecoin profile
VNDC (VNDC) static profile: governance model Centralized (CeFi); backing model Crypto-Collateralized; peg Vietnamese Dong.
AI summary / Updated May 15, 2026
VNDC is Jade Labs's Vietnamese dong stablecoin redeemable 1:1 via ONUS and VNDC Hub, with self-reported reserves and no independent attestation cadence. VNDC is a Vietnamese dong-pegged stablecoin issued by Jade Labs (the company behind ONUS Finance), the only credible on-chain...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- 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 investigation and withdrawal disruptions
- Jurisdiction
- Singapore
- Proof Of Reserves
- Self-Reported PoR by Jade Labs / VNDC issuer disclosure Reserve source
Snippet Answer
Is VNDC safe?
Pharos does not mark VNDC as absolutely safe. Static metadata says VNDC uses a Centralized (CeFi) governance model and Crypto-Collateralized backing, with Self-Reported PoR from Jade Labs / VNDC issuer disclosure; the main caveat is that freeze or administrative control exposure is possible but not fully confirmed. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety vndc-jade-labs
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated May 15, 2026.
VNDC quick answers
What is VNDC (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 investigation and...
What backs VNDC?
Pharos classifies VNDC backing as Crypto-Collateralized. Collateral, per the static profile: 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 Reserve evidence: Self-Reported PoR from Jade Labs / VNDC issuer disclosure.
Can VNDC be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze or administrative control exposure is possible but not fully confirmed. Live freeze and blacklist events for VNDC, when applicable, appear in the dossier below.