VNDC and strategic partners – a mutual staunch belief in Stablecoin

VNDC and strategic partners – a mutual staunch belief in Stablecoin

VNDC.io, the project behind the currency known as the stablecoin for Vietnamese, has made great strides to set up partnerships with LiveTrade and Nexo.

What is VNDC?

VNDC is operated by Blockchain technology based on Ethereum standard ERC-20 and Binance Chain standard BEP-2. VNDC is positioned as the first Stablecoin for Vietnamese community around the world. VNDC is pegged to the Vietnamese fiat currency (1 VNDC = 1 VND) and backed by assets stored at major commercial banks in Vietnam.

Like USDT or USDS, VNDC is a safe-haven asset in times of market turbulence. Besides, it also helps Vietnamese community trade and exchange assets quickly, conveniently without multiple high fees like USDT. VNDC.io is a gateway to convert VND into VNDC and other digital assets such as: Bitcoin, Ethereum, USDT, USDS and CHI. Users can also conduct transactions at ease by transferring digital assets from VNDC Wallet to exchanges where VNDC is listed (Nami.Exchange, ExMarkets, Finexbox, VinDax, etc.).

Partnership between Nexo, LiveTrade and VNDC

VNDC is backed by Binance’s Trust Wallet and has been listed on numerous exchanges. Furthermore, VNDC has recently set up a strategic partnership with LiveTrade, a US-based fintech company with an upcoming trading and brokerage platform in 2020.

LiveTrade is currently a key business partner in Southeast Asia of Nexo – the world’s first instant crypto-backed loans and crypto staking solution. Moreover, assets on Nexo are secured by BitGo should there be any losses due to systematic errors.

In this partnership, LiveTrade will provide an intermediation margin on Nexo platform. Users’ assets will be safely guaranteed during transactions/ exchanges on VNDC.io portal thanks to the insurance package of up to 100 million USD provided by BitGo.

Users can now convert VNDC to other cryptocurrencies such as BTC, ETH, USDT, CHI or USDS via VNDC.io portal with a stable exchange rate to guarantee maximum benefits without compromising the safety. In addition, users can also create a loan of up to 90% of their assets on VNDC.io, which is a big progress for both VNDC and Vietnamese crypto community in general.

About LiveTrade

LiveTrade is a US-based company, which is launching their trading and brokerage platform soon in 2020. This platform aims to connect traditional financial markets and their crypto counterparts by concentrating stocks, fiat money and cryptocurrencies on one exchange, allowing users to access all types of assets from one account.

Furthermore, LiveTrade has also developed the DIPO service, a new, simplified, cost-saving form of fundraising for SMEs, which has been filed for a patent in the United States.

About Nexo.io

Backed by Credissimo, a leading FinTech Group operating in accordance with the US Securities and Exchange Commission (SEC), Nexo.io has extensive experience in financial lending over 10 years in Europe.

Nexo.io is the world’s leading instant crypto-backed loans and crypto staking solution. With Nexo, users can take instant loans in cash with digital collateral while retaining ownership of their digital assets. Currently, there is no other way for crypto owners to use their assets other than selling and buying them. Yet Nexo offers a highly profitable business model that allows crypto owners to use their assets as collateral and withdraw cash with a view to solving such problems in today’s crypto industry as idle digital assets, slow, costly and ineffective liquidation, etc. Besides, Nexo is also under a reputable regular audit process with Lloyds to best secure customers’ assets.

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Source: Tapchibitcoin

Lily Le A CMO (Chief Marketing Officer) with a background in finance and marketing based in Ha Noi, Viet Nam. Enjoys travelling, reading and writing interesting content to help others. Feel free to comment below.
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