VNDC (VNDC): D-Score 54/100 — Moderately Decentralized BlockIndex D-Score: 54/100 (Moderately Decentralized). VNDC (VNDC) is a Layer 2 cryptocurrency using Other consensus. VNDC: Vietnam-pegged stablecoin deployed across multiple chains with staking and corporate reserve backing. Source: https://blockindex.ai/coin/vndc · Data by BlockIndex.AI · Updated 2026-06-19 D-Score breakdown (0-100, higher means more decentralized) Component: Score: Overall D-Score: 54: Node distribution: 0: Initial distribution: 25: Governance: 16: Age and history: 13: Autonomy: 0: Key facts - Layer: Layer 2 - Consensus: Other (N/A) - Launch: Other (2017) - Founder: Jade Labs Singapore, LTD - VC funded: No - Max supply: N/A - Circulating: 1,412,466,389,439 Market data (as of 2026-06-19) - Price: $0 - Market cap: $45.4M - 24h volume: $0 - 24h change: -0.51% · 7d change: -0.08% About VNDC is a fiat-pegged stablecoin introduced in 2017 and developed by corporate entities including Jade Labs Singapore, LTD with reserves and backing managed via the VNDC Alliance. Originally created to provide Vietnam-focused on/off ramps and remittance-friendly stable liquidity, VNDC has expanded into a multi-chain presence with representations and deployments on Ethereum (ERC-20), BNB Chain and ONUS Chain. The project positions itself as a bridge between traditional fiat-denominated value and crypto rails for the Vietnamese market, offering custody, OTC services, exchange functionality on its official site and a range of financial products to holders. Governance and reserve management are carried out off-chain by corporate structures rather than via an on-chain DAO. Technically, VNDC is primarily an issued token rather than an independent blockchain. The token circulates as ERC-20 and equivalent representations on other chains, inheriting host-chain consensus characteristics rather than operating its own consensus or validator network. Public information emphasizes multi-chain accessibility, with a live ERC-20 contract referenced in the scraped content, integration with third-party infrastructure such as Chainlink for oracle services, and compatibility with hardware and software wallets like Ledger and Electrum. The project does not present a public, canonical GitHub repository in the provided data and is described in the source material as a corporate-issued and reserve-backed product rather than a community-led or open-source protocol. VNDC's utility and ecosystem features include fiat-peg stabilization, exchange and OTC liquidity, staking and yield programs, and partnership-driven expansion. The project has offered staking incentives (marketing materials indicate programs up to approximately 12% APY), OTC trading, and has pursued listings on major centralized exchanges to broaden liquidity and access. Historical data points captured in the summary include an all-time high price snapshot (recorded in the source at $0.01139 on 2021-01-14) and an all-time low snapshot noted in October 2023; a circulating supply snapshot in early 2021 (~1.41 trillion VNDC) was present in the scraped data. A marketing-focused airdrop in 2024 and multi-chain token availability are framed as key distribution and accessibility moves in the project's public communications. From a governance and risk perspective, VNDC is centralized with reserve management handled off-chain by corporate entities; the scraped material does not present evidence of on-chain DAO governance, and there are no documented security incidents or chain freezes in the provided content. Regulatory events and enforcement actions were not identified in the source dataset. Future development notes and roadmap items present in the summary focus on deeper multi-chain interoperability, wallet/exchange integrations and marketing programs to grow user adoption. Overall, VNDC operates as a corporate-issued stablecoin product with multi-chain token representations, real-world reserve claims in its communications, and a product-led expansion strategy centered on exchange listings, custody services and staking offerings. Links - Website: https://vndc.io/ - Whitepaper: N/A - GitHub: N/A --- About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore