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

Tether has invested in Dreamcash, the company developing a mobile interface for Hyperliquid, as part of its strategy to broaden stablecoin-backed trading infrastructure into onchain equity and commodity markets. This move follows the introduction of the first HIP-3 perpetual markets on Hyperliquid collateralized by USDT0, a collaboration involving Tether, Dreamcash, and Selini Capital. These new markets feature perpetual contracts linked to assets like the S&P 500 index, gold, silver, and individual stocks (including Tesla, Nvidia, and Microsoft), all settled in USDT. The markets utilize USDT0, Tether's unified liquidity network based on LayerZero's OFT standard, which allows traders to access Hyperliquid markets without needing to bridge or convert USDT, maintaining a 1:1 peg. To incentivize early usage, the partners are launching a $200,000 weekly trading incentive program for CASH markets using USDT.

(Source：Crypto Briefing)