VNDC is a stablecoin developed by Union VNDC that is pegged 1:1 to the Vietnamese dong (VND). It has ERC20 and BEP2 tokens and is backed by sufficient cash and equivalent assets. Its main goal is to serve as a gateway for users to convert their fiat money to stablecoin and vice versa. Additionally, VNDC offers staking at a 12% annual rate, making it the first stablecoin in Vietnam to provide this feature. This staking system can be used for trading and hedging in the global crypto markets. VNDC consists of VNDC Reserve and VNDC Network, and commercial users, resellers, and issuers are required to be involved in either VNDC Reserve or VNDC Network.