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

Tether is investing in the parent company behind Dreamcash, a mobile interface built for Hyperliquid, marking its latest push to expand stablecoin backed trading infrastructure into onchain equity and commodity markets.

The investment follows the launch of the first HIP-3 perpetual markets collateralized with USDT0, introduced through a collaboration between Tether, Dreamcash and Selini Capital.

The live lineup includes perpetual contracts tied to the S&P 500 index, commodities such as gold and silver, and single stock exposure including Tesla, Nvidia, Google, Amazon, Meta, Robinhood, Intel, and Microsoft, all settled in $USDT.

The new markets are built on USDT0, Tether’s unified liquidity network based on LayerZero’s OFT standard. Since launching in January 2025, USDT0 has processed more than $50 billion in cumulative transfers across 15 networks, positioning it as a fast growing cross chain stablecoin infrastructure.

Until now, $USDT holders could not directly access Hyperliquid markets without additional bridging or asset conversion. USDT0 maintains a 1 to 1 peg with $USDT through a lock and mint structure, enabling traders to move funds from centralized exchanges into non custodial wallets without changing their unit of account.

To support early adoption, the companies will introduce a $200,000 weekly trading incentive program for CASH markets using $USDT. Rewards will be distributed based on share of total $USDT trading volume during the initial launch phase.