Greenlane Highlights Berachain Addition of Ethena USDe as Approved Collateral for HONEY Stablecoin

Core Insights - Greenlane Holdings has announced the integration of Ethena's USDe as approved collateral for Berachain's HONEY stablecoin, expanding the collateral options available on the platform [1][2] - The integration aims to enhance liquidity, network activity, and economic mechanisms within the Berachain ecosystem by creating a deeper pool of dollar-denominated capital [1][2] - Currently, approximately $19 million of USDe is being utilized as collateral within the HONEY framework, while the total supply of USDe exceeds $6 billion [2] Company Overview - Greenlane Holdings is focused on a Berachain-centered digital asset treasury strategy, which includes acquiring BERA and enhancing BERA-per-share through treasury management [4] - The company is actively participating in the Berachain ecosystem by engaging in network staking, liquidity provisioning, and supporting decentralized applications [4] Berachain Insights - Berachain is the first blockchain utilizing Proof of Liquidity, designed to facilitate business scaling and sustainable on-chain economies [5] - The platform has successfully raised $150 million from notable digital asset investors, indicating strong market confidence [5] Ethena Overview - Ethena is the protocol behind USDe, which has seen significant growth, with a peak circulating supply exceeding $14 billion [6] - Ethena also contributes to USDtb, the 13th-largest stablecoin, with nearly $1 billion in supply [6]