Tether invests in Dreamcash to expand USDT0 powered equity perpetuals on Hyperliquid

Earlier this month, Tether is investing in the parent company behind Dreamcash, a mobile interface built for Hyperliquid, which has been its latest push to expand stablecoin supported trading infrastructure into onchain equity and commodity markets.

This is the investment after the launch of the first HIP-3 perpetual markets secured with USDT0, which was launched in a partnership between Tether, Dreamcash and Selini Capital.

In $USDT, the live lineup includes perpetual contracts tied to the S&P 500 index (including gold and silver), single stock exposure including Tesla, Nvidia, Google, Amazon; Meta- Robinhood, Intel, and Microsoft.

Tether’s integrated liquidity network based on LayerZero’S OFT standard is built on USDT0, the new markets are constructed according to the newly launched markets. Founded in January 2025, USDT0 has processed over $50 billion in cumulative transfers across 15 networks since its launch as an increasingly expanding cross chain stablecoin infrastructure.

But until this date, $USDT holders could not directly access Hyperliquid markets without further bridging or asset conversion. USDT0 has a lock and mint structure that maintains 1 to 1 peg with $USDT, so traders can move money from centralized exchanges into non custodial wallets without changing their unit of account.

The companies will launch a $200,000 weekly trading incentive program for CASH markets with $USDT to encourage early adoption. In the first launch phase, rewards will be distributed based on shares of total $USDT trading volume.

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