Vietnam has always been one of the most important markets for KardiaChain. This hometown of KardiaChain is currently a fast-growing country with a diversifying economy providing potential growth of many industries, including blockchain technology. We are excited to announce that KardiaChain is entering a partnership with VNDC — the 1st Vietnam currency VND-backed stablecoin in Vietnam and the 2nd largest stablecoin by holders in the world featured on Etherscan.
With such partnership, VNDC will issue its stablecoin on KardiaChain. About one million VNDC users will get lower fees and faster transaction time. It opens up a world of opportunities as it will complete the Vietnamese cryptocurrency ecosystem to empower everyone involved in today’s rapidly growing cryptocurrency economy. In addition to making trading cryptocurrency in Vietnam easy, it will highly benefit from a VND-pegged stablecoin that is transparent, trustworthy, frictionless and borderless.
KardiaChain provides easier access to non-crypto users and gains much more exposure to the Vietnam market that would open up a larger user base for the KAIStarter platform and KAI Membership. The integration of KardiaChain Ecosystem and VNDC Wallet Pro allows users from both platforms to gain access to many benefits and rewards that KAI Membership offers, including investment vehicles in KAIStarter, Mobile Top Up discount, and Play & Earn. Additionally, as VNDC becomes a genesis validator for KardiaChain Mainnet, users from VNDC wallet would conveniently have access to KardiaChain staking mechanism and rewards.
VNDC is a stablecoin and cryptocurrency exchange operated by blockchain and backed by the legal currency of Vietnam Dong (VND). It is our strong strategic partner with nearly 1 million users — the largest crypto community in Vietnam. Founded in 2019, VNDC is the largest fiat to the crypto gateway in Vietnam provides direct bank transfer with the largest bank in Vietnam. The daily volume for its wallet reaches 100 billion Dong (~5 million USD). VNDC has partnered with SMEs and corporations in Vietnam as nearly 300 enterprises partners and 41 listed digital assets.