Tether Backs Dreamcash to Launch USDT Equity Perps on Hyperliquid

• Tether invests in Dreamcash to launch USDT0-collateralized equity perpetuals globally.
• 10 new markets live on Hyperliquid, including TSLA/USDT, NVDA/USDT, and USA500/USDT.
• Dreamcash introduces $200K weekly incentive to boost USDT trading adoption.

Tether has invested in Dreamcash’s operating entity, Supreme Liquid Labs, marking a key step in DeFi adoption.  The move comes as the first USDT0-collateralized perpetual markets go live on Hyperliquid. 

Deamcash, alongside Selini Capital, launched 10 new markets, including USA500/USDT, TSLA/USDT, and NVDA/USDT. 

The markets are accessible via the Dreamcash app and aim to bridge retail traders to onchain equity products.  This partnership highlights Tether’s push to integrate mainstream users into decentralized trading networks.

Tether’s Strategic Move

Tether’s investment reflects a shared vision with Dreamcash: bring retail traders into onchain markets. 

USDT processes the majority of global crypto volume, making it a natural tool for adoption. According to Dreamcash, USDT0 is the backbone, supporting fast, cross-chain transfers on LayerZero’s OFT standard.

Since January 2025, USDT0 processed over $50 billion across 15 networks. The token enables traders to access Hyperliquid markets without leaving their existing stablecoin holdings. 

Dreamcash said the unified liquidity network simplifies movement from centralized exchanges to non-custodial wallets.

USDT0-Collateralized Markets

The first HIP-3 perpetual markets collateralized with USDT0 are now active. 

Markets include major indices, tech stocks, and commodities like GOLD/USDT and SILVER/USDT. Dreamcash emphasized that these markets provide institutional-grade liquidity for retail traders.

Traders can now access equity perpetuals like TSLA/USDT, NVDA/USDT, and AMZN/USDT directly in the app. The collaboration allows mainstream users to participate without technical barriers or complex onboarding. 

Hyperliquid and Dreamcash highlighted tight spreads and reliable fills as part of the offering.

Dreamcash will run a $200,000 weekly trading incentive for USDT CASH markets. Rewards are based on traders’ share of total USDT trading volume. 

The program is designed to accelerate adoption and attract new users to Hyperliquid.

Details on eligibility and program duration will be announced in the coming weeks. This initiative demonstrates Tether’s commitment to building onchain liquidity for retail users.

Building for Mainstream Traders

Marco van den Heuvel of Dreamcash said the investment validates their retail-first strategy. Traders can now access USA500, TSLA, NVDA, and other equity perpetuals using USDT. 

The app targets CEX users who already hold stablecoins, simplifying onchain trading adoption.

Dreamcash said the partnership reduces friction and opens new trading opportunities globally. Markets are live for the S&P 500, tech giants, and commodities, available on mobile and desktop.

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