Greenlane said Berachain integrated Ethena's USDe as approved collateral for HONEY, Berachain's native stablecoin.

Greenlane Holdings, Inc. ("Greenlane" or the "Company") (Nasdaq: GNLN), a company pursuing a Berachain-focused digital asset treasury strategy, today highlighted Berachain's integration of Ethena's USDe as approved collateral for HONEY, Berachain's native stablecoin. The integration is intended to expand the range of dollar-based collateral available on Berachain and may support protocol-level liquidity, network activity, and on-chain economic mechanisms within the Berachain ecosystem.¹,²

HONEY is Berachain's native stablecoin, designed to aggregate multiple widely used stablecoins and other tokenized dollar assets—including USDT0, Circle's USDC, PayPal's pyUSD, and now USDe—into a unified liquidity base for applications built on the network. This structure is intended to support on-chain activity by forming a deeper pool of dollar-denominated capital to be utilized by applications across the network, which may enhance capital efficiency and improve user experience.

By incorporating USDe as approved collateral for HONEY, Berachain is expanding the set of approved collateral that may support stablecoin liquidity on the network. Berachain has publicly reported that approximately $19 million of USDe is currently being used as collateral within the HONEY framework.³

Ethena has also publicly reported that the outstanding supply of USDe across supported venues exceeds $6 billion.4 The amount of USDe currently deployed as collateral within the HONEY framework represents a small portion of that broader supply, and any expansion of USDe utilization on Berachain would depend on market adoption, protocol governance decisions, and technical integration considerations.

"We hope that Berachain's integration of USDe will demonstrate how expanding stablecoin liquidity may help support network activity," said Ben Isenberg, Chief Investment Officer, Greenlane. "Initiatives that ultimately strengthen liquidity and on-chain participation may help support the broader Berachain ecosystem."

The integration of USDe represents one of several initiatives announced by Berachain that Berachain hopes will expand on-chain activity and protocol-level economic functionality, in addition to ongoing infrastructure enhancements, protocol improvements, and the continued onboarding of decentralized applications over time.

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