Tether makes strategic investment in Hyperliquid-based exchange Dreamcash

Doohyun Hwang

Summary

Tether said it has made a strategic investment in the operator of Dreamcash, a Hyperliquid (HYPE)-based mobile trading platform.
It said the investment was made to expand the real-world asset (RWA) derivatives market within the Hyperliquid ecosystem through cooperation among Tether, Dreamcash, and Selini Capital.
It added that the first HIP-3 perpetual futures market collateralized by Tether’s cross-chain stablecoin USDT0 has launched, opening 10 new markets including the S&P 500, TSLA, NVDA, gold, and silver.

Tether has made a strategic investment in Supreme Liquid Labs, the operator of Dreamcash, a Hyperliquid (HYPE)-based mobile trading platform.

According to Dreamcash on the 13th (local time), the investment was made to expand the real-world asset (RWA) derivatives market within the Hyperliquid ecosystem through cooperation among Tether, Dreamcash, and professional market maker Selini Capital.

At the center of the partnership is the launch of the first HIP-3 (Hyperliquid Improvement Proposal-3) perpetual futures market collateralized by Tether’s latest cross-chain stablecoin, USDT0. This enables users to trade major RWA underlyings—such as the S&P 500 (USA500), Tesla (TSLA), Nvidia (NVDA), gold, and silver—using USDT0 as margin on Hyperliquid and within the Dreamcash app. A total of 10 new markets have been opened, with Selini Capital responsible for liquidity provision.

USDT

HYPE