Berachain's $HONEY: Stable, collateralized USD-pegged stablecoin powering its ecosystem.
$HONEY, Berachain's stablecoin, is USD-pegged and collateralized. Minted via vaults, it's used for payments, lending, and governed by community votes.
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What is Honey (HONEY)?
Berachain's stablecoin, Honey ($HONEY), maintains a soft peg to the US Dollar using full collateralization, providing a stable medium of exchange within its ecosystem. Users can mint $HONEY by depositing whitelisted crypto assets into dedicated smart contract vaults managed by the Vault Router. $HONEY is utilized for payments, remittances, hedging, and is integral to lending and trading protocols like Bend and Berps. Community governance shapes $HONEY by managing minting rates and collateral types through voting.
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Honey price live information
As of now, Honey is trading at 1.000028 USD, with a 24-hour trading volume of approximately 0 USD. The HONEY to USD price is updated in real time. Over the past 24 hours, Honey has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 527.15M USD. Currently, there are 527 136 575 HONEY in circulation out of a maximum supply of 527 136 575 HONEY.
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