Tether Invests in Dreamcash to Expand USDT0 Powered Equity on Hyperliquid
Tether is investing in the parent company behind DreamCash, a mobile interface developed for Hyperliquid, marking its latest push to expand its stablecoin-backed trading infrastructure into onchain equity and commodity markets.
The investment follows the launch of the first HIP-3 Perpetual Markets in partnership with USDT0, a partnership between Tether, DreamCash and Cellini Capital.
The live lineup includes perpetual contracts tied to the S&P 500 index, commodities like gold and silver, and single stock exposure including Tesla, Nvidia, Google, Amazon, Meta, Robinhood, Intel and Microsoft, all denominated in USDT.
The new markets are built on Tether's integrated liquidity network based on USDT0, LayerZero's OFT standard. In the year Since its launch in January 2025, USDT0 has processed more than $50 billion in aggregate transfers across 15 networks, making it the fastest-growing stablecoin infrastructure.
Until now, USDT holders could not directly access the Hyperliquid markets without additional bridging or asset changes. USDT0 maintains a 1-to-1 peg with USDT through a lock-and-mint structure, allowing traders to move from centralized exchanges to wallets without changing their unit of account.
To support early adoption, the companies will introduce a $200,000 weekly trade incentive program for CASH markets using USDT. Rewards will be distributed based on the total USDT trading volume during the first launch phase.
