Greenlane Highlights Berachain's Integration of USDe as Collateral for HONEY
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
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Greenlane 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. "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."
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About GNLN
Greenlane Holdings, Inc. provides a global platform for the development and distribution of smoking accessories, vape devices, and lifestyle products to producers, processors, specialty retailers, smoke shops, convenience stores, and retail consumers. The Company operates as a family of brands, third-party brand accelerator, and an omnichannel distribution platform. The Company offers its own diverse brand portfolio and its licensed Marley Natural and K.Haring branded products. It also offers a set of third-party products through its direct sales channels and its proprietary, owned and operated e-commerce platforms. Its Greenlane Brands include Groove, its smoke shop and ancillary product brand - Higher Standards, and its child-resistant packaging brand - Pollen Gear. It merchandises vaporizers, packaging, and other ancillary products in the United States, Canada, Europe, and Latin America. Its third-party brands include Storz and Bickel, Grenco Science, PAX, and Cookies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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