Dreamcash Secures Tether Backing for USDT0 Stock Perpetual Trading

Dreamcash has secured a strategic investment from Tether as USDT0 collateralized real world asset perpetual markets go live on Hyperliquid.

Key Takeaways

• Tether invested in Supreme Liquid Labs, the parent company behind Dreamcash.
• USDT0 collateralized HIP 3 perpetual markets are now live on Hyperliquid.
• 10 markets include S&P 500, Tesla, Nvidia, gold, and silver perpetuals.
• A $200,000 weekly trading incentive program will reward USDT volume participants.

What Happened?

Tether has made a strategic investment in Supreme Liquid Labs, the operating entity behind Dreamcash, a self custodial mobile trading interface built for Hyperliquid. The move follows the launch of the first USDT0 collateralized HIP 3 real world asset perpetual markets on the decentralized exchange.

The markets were introduced through a collaboration between Selini Capital, Dreamcash, and Tether, giving traders new ways to access equity and commodity exposure using USDT.

USDT0 Markets Go Live on Hyperliquid

The launch marks the first time traders holding USDT can directly access Hyperliquid markets through USDT0. Until now, Hyperliquid primarily used USDC as collateral for perpetual futures and is also rolling out its native USDH stablecoin.

The newly launched markets include:

• USA500 or S&P 500 index exposure
• TSLA for Tesla perpetuals
• NVDA for Nvidia perpetuals
• GOOGL for Google perpetuals
• AMZN for Amazon perpetuals
• META for Meta perpetuals
• HOOD for Robinhood perpetuals
• INTC for Intel perpetuals
• MSFT for Microsoft perpetuals
• GOLD commodity perpetuals
• SILVER commodity perpetuals

Liquidity for these 10 real world asset markets is provided by Selini Capital, delivering tight spreads and execution quality aimed at retail traders.

What Is USDT0 and Why It Matters

USDT0 is Tether’s unified liquidity network built using LayerZero’s OFT standard. It maintains a 1 to 1 peg with USDT through a lock and mint mechanism, allowing users to move from centralized exchanges to non custodial wallets without changing their base currency.

Since launching in January 2025, USDT0 has processed more than $50 billion in cumulative transfers across 15 networks, making it one of the fastest growing cross chain stablecoin solutions.

Dreamcash said in a statement, “Until now, there has been no way for the millions of traders holding USDT to access Hyperliquid markets directly.“

The target audience includes centralized exchange perpetual traders who already use USDT margin daily, as well as global retail participants who treat USDT as their standard unit of account.

Backed by HIP 3 Infrastructure

The new markets are powered by Hyperliquid’s HIP 3 Builder Deployed Perpetuals framework. Launched in October, HIP 3 allows third party frontends such as Dreamcash to create markets if they meet a 500,000 HYPE token security bond staking requirement.

Importantly, HIP 3 builder deployed markets support custom collateral types, enabling USDT0 to be used for these new perpetual products.

$200,000 Weekly Incentives

To drive early adoption, Dreamcash will introduce a $200,000 weekly incentive program for its CASH markets. Traders will be rewarded based on their share of total USDT trading volume. The size of Tether’s investment was not disclosed.

Dreamcash added, “This program demonstrates Tether’s commitment to bringing new users into the Hyperliquid ecosystem by removing friction and rewarding early participants.”

CoinLaw’s Takeaway

In my view, this is a smart strategic move by Tether. In my experience, liquidity is everything in crypto trading, and USDT remains the dominant stablecoin in global markets. By enabling USDT0 collateral on Hyperliquid, Tether is lowering the barrier for millions of traders who were previously locked into centralized platforms.

I found the real opportunity here lies in bridging centralized exchange traders into onchain ecosystems without forcing them to change their base currency. If adoption continues, this could accelerate the shift toward decentralized perpetual markets in a meaningful way.

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