Berachain announces BUSD stablecoin rebrand in attempt to revive network activity
Today, 19th August, 2026, Berachain renamed its HONEY stablecoin to Bera USD (BUSD), essentially changing the token’s name and symbol but keeping the same token and contract address.
This new change comes as on-chain activity on the Layer 1 drops to near record lows.
New name, same token
The Berachain Foundation announced the news on X, informing holders that HONEY, the network’s dollar-pegged stablecoin, will now officially be known as BUSD.
However, current user balances will not be affected because the token retained the same contract address. The news didn’t get much of a response either, gathering about 117 likes and 14 reposts in its first hours.
According to Cryptopolitan, HONEY had always been a pillar of Berachain’s token structure since its launch, operating alongside sister tokens BERA for gas and staking and BGT for governance.
Berachain fees under a few dollars a day
The rebrand arrives as Berachain’s on-chain economy experiences a significant slowdown. According to DefiLlama, the network’s total value locked sits around $32 million, while its stablecoin market capitalization hovers near $62 million, with Tether making up roughly two-thirds of that supply.
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