VNDC (VNDC) quarantined stablecoin record
Live tracking temporarily paused
Temporarily withheld because permitted runtime sources do not provide a positive circulating supply or market cap.
Effective 2026-07-15; review due 2026-08-15
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 (vndc.io origin unreachable, HTTP 521 on repeated checks 2026-08-08; no reserve artefact verifiable) Reserve source
Snippet Answer
Is VNDC safe?
VNDC is not in Pharos's active universe. Temporarily withheld because permitted runtime sources do not provide a positive circulating supply or market cap.
Next Actions
This record preserves static and historical context; live actions are available only for active assets.
Source: checked-in StablecoinMeta profile fields. This inactive record does not participate in current live monitoring; the summary above was last updated May 15, 2026.
VNDC quick answers
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 investigation and...
Is VNDC safe?
VNDC is not in Pharos's active universe. Temporarily withheld because permitted runtime sources do not provide a positive circulating supply or market cap.
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 (vndc.io origin unreachable, HTTP 521 on repeated checks 2026-08-08; no reserve artefact verifiable).
Can VNDC be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. VNDC is outside active monitoring; this static record preserves the reviewed control context.