VNDC is the first stablecoin pegging to Vietnam dong, issued by VNDC LTD UK. It is supported by sufficient cash assets and relies on blockchain technology, creating a 1:1 exchange system. The smart contract is based on the Ethereum blockchain (ERC 20). VNDC.IO is a gateway supporting users who would like to exchange from VNDC to VND. Once the user completed the exchange process, the corresponding amount of cash will be directly transferred to its bank account.