Tether, the world's largest stablecoin issuer, announced a strategic investment in Supreme Liquid Labs, the parent company behind Dreamcash. The timing was no coincidence. The investment arrivedTether, the world's largest stablecoin issuer, announced a strategic investment in Supreme Liquid Labs, the parent company behind Dreamcash. The timing was no coincidence. The investment arrived
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Tether Invests in Dreamcash: TSLA, Gold, S&P 500 Perps Live on Hyperliquid

Sep 21, 2026Emma Williams
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Tether, the world's largest stablecoin issuer, announced a strategic investment in Supreme Liquid Labs, the parent company behind Dreamcash. The timing was no coincidence. The investment arrived alongside the launch of the first USDT-collateralized real-world asset (RWA) perpetual markets on Hyperliquid, bringing Tesla stock futures, S&P 500 exposure, and gold trading directly to decentralized finance.


For millions of retail traders holding USDT on centralized exchanges, this development removes a critical barrier: they can now trade Wall Street assets 24/7 using the stablecoin they already trust, without converting to USDC or bridging across chains. With 10 new equity and commodity perpetual markets live on Hyperliquid's DEX, backed by a $200,000 weekly trading incentive program, Dreamcash is positioning itself as the mobile-first bridge between centralized exchange users and on-chain derivatives trading.


This isn't just another DeFi experiment. It's Tether's most aggressive push yet into decentralized trading infrastructure, leveraging USDT0 (its omnichain stablecoin variant) to capture market share in a sector projected to grow exponentially as traditional finance and crypto converge. For traders accustomed to perpetual futures on Binance or Bybit, Dreamcash offers a familiar experience with a critical difference: full self-custody and access to markets that never close.


1.The Investment: Tether Doubles Down on DeFi Infrastructure


Strategic Stake in Supreme Liquid Labs


While Tether has not disclosed the exact size of its investment in Supreme Liquid Labs, the strategic implications are clear. Tether is betting that the future of derivatives trading is decentralized, and that USDT will be the dominant collateral asset powering that shift.


"This investment from Tether validates what we've been building: a trading experience that meets retail users where they are," said Marco van den Heuvel, speaking on behalf of Dreamcash. "With USA500, TSLA, NVDA and many others now live, traders can finally access equity perpetuals using the stablecoin they already hold, removing a barrier that has kept mainstream traders on centralized platforms."


The partnership represents a three-way collaboration between Tether (capital and stablecoin infrastructure), Dreamcash (mobile trading interface), and Selini Capital (institutional liquidity provision). Each brings critical components:


Tether's Contribution:
  • Strategic capital investment (amount undisclosed)
  • USDT0 infrastructure ($50B+ processed since January 2025 across 15 networks)
  • Funding for $200,000 weekly trading incentive program
  • Brand credibility and user trust (USDT is the most widely held stablecoin globally)
Dreamcash's Role:
  • Mobile-first trading interface for Hyperliquid
  • Self-custodial wallet integration
  • User experience optimized for retail traders
  • HIP-3 market deployment (building perpetual markets on Hyperliquid's permissionless standard)
Selini Capital's Function:
  • Institutional-grade liquidity provision for 10 RWA markets
  • Market making to ensure tight spreads
  • Consistent fills and reliable execution quality
This isn't Tether's first foray into DeFi infrastructure investments. But it's among the most significant, signaling that Tether sees decentralized derivatives as a genuine competitor to centralized perpetual platforms that currently dominate crypto trading volume.


2.Why Now? The Timing Behind Tether's Move


Several factors converged to make February 2026 the right moment for this partnership:


Hyperliquid's Proven Product-Market Fit: Hyperliquid has processed over $500 billion in cumulative volume since launch, demonstrating that decentralized perpetual trading can achieve institutional-grade performance. Unlike earlier DEX iterations that suffered from poor execution and thin liquidity, Hyperliquid offers sub-second finality and orderbook depth comparable to centralized platforms.


HIP-3 Standard Maturity: Launched in October 2025, HIP-3 (Hyperliquid Improvement Proposal 3) enables third-party builders to deploy custom perpetual markets with custom collateral types. This permissionless innovation removed the bottleneck of waiting for Hyperliquid's core team to list new markets. Anyone meeting the 500,000 HYPE security bond requirement can now spin up markets.


USDT0 Cross-Chain Maturity: Since launching in January 2025, USDT0 has processed over $50 billion in transfers across 15 blockchain networks using LayerZero's Omnichain Fungible Token (OFT) standard. This infrastructure maturity means USDT holders can seamlessly move funds from centralized exchanges to Dreamcash without multi-step bridging processes.


Regulatory Clarity for RWA Perpetuals: While synthetic stock perpetuals exist in a regulatory gray area, the approach Dreamcash and Hyperliquid have taken (perpetuals settled in crypto, not requiring actual stock custody) has thus far avoided the compliance hurdles that killed similar offerings from FTX and other centralized platforms.


Market Demand: Millions of retail traders already use USDT as margin collateral on centralized perpetual platforms like Binance Futures, Bybit, and OKX. These users are comfortable with perpetual futures mechanics and USDT as their unit of account. Dreamcash simply extends this familiar experience to a self-custodial environment with expanded asset coverage.


What Dreamcash Actually Is: Mobile-First Hyperliquid Frontend


Not a New DEX, But a Better Interface

Dreamcash is not building a competing decentralized exchange. Instead, it functions as a specialized mobile trading interface (frontend) for Hyperliquid's existing infrastructure. Think of it as Robinhood-style UX layered on top of Hyperliquid's powerful orderbook and settlement engine.


This distinction matters for several reasons:
Security: Dreamcash doesn't custody user funds or operate its own orderbook. Trades settle directly on Hyperliquid's Layer-1 blockchain, inheriting Hyperliquid's security model. Users maintain full self-custody through non-custodial wallets integrated into the Dreamcash mobile app.


Liquidity: Dreamcash markets share liquidity with Hyperliquid's broader ecosystem. A TSLA/USDT perpetual trade on Dreamcash taps into the same liquidity pool as traders using Hyperliquid's native interface. This prevents the fragmentation that plagues many DEX frontends.


Permissionless Innovation: Under HIP-3, Dreamcash deployed its 10 RWA markets without requiring Hyperliquid Foundation approval. The team met the 500,000 HYPE security bond requirement, ensuring skin in the game, and launched markets independently. This permissionless model enables rapid iteration.


Mobile-First Design: While Hyperliquid's native interface works well for desktop traders, Dreamcash optimizes for mobile users. For retail traders accustomed to trading on Binance or Bybit mobile apps, Dreamcash offers familiar gestures, layouts, and workflows.


The Self-Custodial Advantage

The biggest philosophical difference between Dreamcash and centralized platforms is custody. On Binance or Bybit, users deposit USDT to the exchange's custody. The exchange controls private keys. If the exchange freezes accounts, experiences a hack, or suffers insolvency (as FTX demonstrated), user funds are at risk.


Dreamcash flips this model. Users connect self-custodial wallets (MetaMask-style functionality built into the app). When trading TSLA/USDT perpetuals, users' USDT0 collateral remains in their own wallet, with smart contracts managing positions. Dreamcash cannot freeze accounts, seize funds, or prevent withdrawals. Trades settle permissionlessly on Hyperliquid's blockchain.


This self-custody advantage appeals particularly to:


  • Users burned by exchange collapses (FTX, Celsius, BlockFi)
  • Traders in jurisdictions with unstable banking systems
  • Privacy-conscious participants who don't want to complete KYC
  • Institutional participants who require segregated custody
The tradeoff is user responsibility. Losing a seed phrase means permanent loss of funds. No customer service can reverse transactions. For retail users accustomed to centralized exchange safeguards, this represents both freedom and risk.


The 10 RWA Markets: Wall Street Meets DeFi

What's Now Tradeable on Dreamcash

The February 13 launch introduced 10 perpetual futures markets covering major equity indices, tech stocks, and commodities:
Equity Index:
  • USA500/USDT (S&P 500 perpetual): Trade synthetic exposure to America's 500 largest public companies
Big Tech Stocks:
  • TSLA/USDT (Tesla): EV leader, battery tech, AI/robotics
  • NVDA/USDT (Nvidia): AI chip dominance, data center infrastructure
  • GOOGL/USDT (Alphabet/Google): Search, cloud, AI
  • AMZN/USDT (Amazon): E-commerce, AWS cloud services
  • META/USDT (Meta/Facebook): Social media, VR/AR metaverse
  • MSFT/USDT (Microsoft): Cloud, enterprise software, AI
Fintech & Semiconductors:
  • HOOD/USDT (Robinhood): Retail trading platform
  • INTC/USDT (Intel): Chip manufacturing
Commodities:
  • GOLD/USDT (Gold perpetual): Precious metal, inflation hedge
  • SILVER/USDT (Silver perpetual): Industrial metal, store of value
These markets operate 24/7, unlike traditional stock exchanges with limited trading hours. A trader in Asia can trade TSLA exposure at 3 AM local time. A European trader can react to S&P 500 movements overnight. This around-the-clock access replicates what crypto perpetuals have offered for years, now extended to traditional assets.


How USDT0 Collateral Works

Traditional Hyperliquid markets use USDC as collateral. To trade BTC/USD perpetuals on Hyperliquid, users deposit USDC, which serves as margin. This created friction for the millions of traders holding USDT on centralized exchanges.
USDT0 solves this through a lock-and-mint mechanism:
Step 1 - Lock USDT: User deposits USDT into a smart contract (on any supported chain: Ethereum, BNB Chain, Arbitrum, etc.)
Step 2 - Mint USDT0: Contract mints equivalent USDT0 on the target chain using LayerZero's OFT (Omnichain Fungible Token) standard
Step 3 - 1:1 Peg Maintained: USDT0 maintains exact 1:1 parity with USDT. For every 1 USDT0 in circulation, 1 USDT is locked in the backing contract.
Step 4 - Trade on Hyperliquid: User bridges USDT0 to Hyperliquid's Layer-1, where it functions as collateral for Dreamcash's RWA perpetual markets
Step 5 - Redeem Anytime: User can burn USDT0 to unlock original USDT 1:1, exiting back to any supported chain
This design preserves capital efficiency. Traders don't need to swap USDT → USDC (incurring slippage and fees) to access Hyperliquid. They simply mint USDT0, trade, and redeem back to USDT when finished.
Since launching in January 2025, USDT0 has processed over $50 billion in cumulative transfers across 15 networks, demonstrating significant adoption beyond just Dreamcash's use case. Other DeFi protocols are integrating USDT0 as a cross-chain liquidity layer.

Perpetual Futures Mechanics: How These Markets Actually Work

For readers unfamiliar with perpetual futures (perps), here's how they differ from traditional stock trading:
Traditional Stock Purchase:
  • Buy 10 shares of Tesla at $250 = $2,500 capital required
  • Own actual equity in Tesla
  • Hold indefinitely
  • Profit/loss only realized when selling
  • Dividends paid (if applicable)
  • Voting rights (if applicable)
TSLA/USDT Perpetual on Dreamcash:
  • Open $2,500 notional long position with $250 margin (10x leverage)
  • No actual Tesla shares owned (synthetic exposure)
  • No expiration date (hence "perpetual")
  • Profit/loss continuously realized in USDT0
  • No dividends or voting rights
  • Funding rate mechanism keeps perpetual price anchored to spot price
The funding rate is critical to how perpetuals work. Every 8 hours, longs and shorts exchange a small payment based on how far the perpetual price has deviated from the underlying asset's price. If TSLA stock trades at $250 but TSLA/USDT perpetual trades at $252, longs pay shorts to rebalance. This mechanism keeps the perpetual price tracking the real asset without requiring expiration dates.


For Dreamcash's RWA markets, price feeds come from reliable oracles aggregating data from traditional stock exchanges. When TSLA's actual stock price moves on NASDAQ, the TSLA/USDT perpetual on Dreamcash adjusts accordingly, with the funding rate mechanism ensuring convergence.


Liquidity: Selini Capital's Critical Role

Launching perpetual markets is easy. Making them liquid enough for real trading is hard. Dreamcash partnered with Selini Capital, a professional crypto market maker, to provide institutional-grade liquidity across all 10 RWA markets.
Selini's role includes:
Tight Spreads: Maintaining buy-sell spread within competitive ranges (typically 0.1-0.3% for liquid markets like TSLA, NVDA)
Depth: Ensuring sufficient orderbook depth so $10,000+ trades can execute without significant slippage
Continuous Quoting: Providing two-sided markets 24/7, even during low-volume periods
Risk Management: Hedging exposure dynamically to avoid directional risk accumulation
Without professional market making, perpetual markets suffer from:
  • Wide spreads (1-5%+), making trading uneconomical
  • Thin orderbooks, causing massive slippage on larger orders
  • Gaps in liquidity, where no counterparty exists at reasonable prices
  • Price manipulation, where small orders move markets significantly
Selini's participation signals institutional confidence in Dreamcash's markets. Professional market makers don't commit capital to illiquid venues. Their presence indicates expected volume sufficient to generate profitable trading activity.


The Bigger Picture: DeFi vs CEXs for Stock Trading


Why Trade Stocks on a DEX?

For most traders, this seems backwards. Traditional brokerages (Fidelity, Schwab, Interactive Brokers) offer zero-commission stock trading with instant settlement and SIPC insurance. Centralized crypto exchanges (Binance, Bybit) offer stock perpetuals with deep liquidity and familiar interfaces. Why trade stocks on a decentralized protocol?
Accessibility
Traditional brokerages require:
  • Bank account in approved jurisdiction
  • Passing KYC/AML verification
  • Meeting minimum balance requirements (sometimes)
  • Compliance with local securities regulations
For users in jurisdictions with restricted access (developing markets, countries with capital controls, regions excluded by Western brokerages), decentralized stock perpetuals offer the only realistic access to Wall Street exposure.
Dreamcash requires:
  • Smartphone with internet
  • USDT holdings (accessible globally through P2P markets or local exchanges)
  • Basic wallet management knowledge
No KYC, no bank account, no geographical restrictions.
24/7 Trading
Traditional stock markets operate during specific hours:
  • NYSE/NASDAQ: 9:30 AM - 4 PM EST (Monday-Friday)
  • Extended hours trading: Limited liquidity, wider spreads
Breaking news about Tesla happens at 11 PM EST? You can't trade until morning, by which point the price has already moved.
Dreamcash perpetuals trade continuously:
  • TSLA/USDT market open 24/7/365
  • Instant reaction to news, earnings, tweets
  • No waiting for market open
Leverage Without Margin Calls
Traditional margin trading:
  • Borrow cash/shares from broker
  • Margin call if collateral drops below maintenance requirement
  • Forced liquidation at broker's discretion
  • Interest charges on borrowed funds
Perpetual futures:
  • No borrowing (synthetic exposure)
  • Liquidation at pre-defined threshold
  • No margin calls (position auto-liquidates)
  • Funding rate mechanism instead of interest
For traders comfortable with leverage mechanics, perpetuals offer cleaner execution.
Privacy
Traditional brokerages report to:
  • Tax authorities (1099 forms, capital gains reporting)
  • Government regulators (suspicious activity monitoring)
  • Credit agencies (margin accounts affect credit scores)
Dreamcash trading:
  • No mandatory KYC
  • No reporting to authorities
  • Blockchain records (pseudonymous, not anonymous, but harder to link to real identity)
This privacy advantage matters particularly for:
  • High-net-worth individuals concerned about security
  • Traders in jurisdictions with unreliable governments
  • Those who simply value financial privacy


What This Means for USDT and Tether's Strategy


Establishing USDT as the DeFi Margin Standard

Historically, DeFi protocols have favored USDC (Circle's stablecoin) and USDS (MakerDAO's decentralized stablecoin) over USDT. Regulatory concerns about Tether's reserves, transparency controversies, and Circle's stronger banking relationships made USDC the default choice for protocol integrations.


But trading volume tells a different story. USDT dominates:


  • Centralized exchange trading pairs: 70%+ of volume
  • Cross-border remittances: USDT preferred in Asia, Latin America, Africa
  • P2P markets: USDT most liquid in regions with capital controls
Tether's investment in Dreamcash is a calculated bet: if margin trading moves on-chain, USDT should be the collateral asset, replicating its dominance on centralized platforms.
USDT0's cross-chain infrastructure positions Tether for this shift. By enabling seamless USDT movement across 15+ networks without requiring bridges or wrapped tokens, USDT0 reduces friction. A Binance user holding USDT on BNB Chain can mint USDT0, bridge to Hyperliquid, trade stock perpetuals on Dreamcash, exit back to USDT on BNB Chain, and withdraw to Binance—all while maintaining USDT as their unit of account.
This creates a strategic moat. If traders become accustomed to using USDT0 for decentralized trading, Circle's USDC loses ground in the fastest-growing segment of crypto: on-chain derivatives.


Competing with Centralized Perpetual Platforms
MEXC, Binance Futures, Bybit, and OKX collectively process tens of billions in daily perpetual trading volume. Most of this volume uses USDT as margin.

Tether's Dreamcash investment positions USDT0 to capture share as traders migrate on-chain for:
  • Self-custody benefits
  • Regulatory arbitrage (avoiding CEX KYC/restrictions)
  • 24/7 stock trading
  • Access to markets unavailable on CEXs
If even 1-2% of centralized perpetual volume shifts to decentralized alternatives over the next 24 months, that represents billions in daily trading volume. Tether benefits through:
  • Increased USDT0 minting (lock more USDT, expand network effects)
  • Stronger competitive position vs USDC in DeFi
  • Strategic stakes in leading protocols (Dreamcash, potentially others)


Oracle Manipulation and Price Feed Reliability

RWA perpetuals depend entirely on oracle accuracy. If the oracle reports that Tesla stock trades at $300 when it actually trades at $250, traders with short positions get liquidated unfairly while longs profit from phantom gains.
Oracle attacks can occur through:


  • Flash crashes on low-liquidity exchanges: Manipulator executes large sell order on thinly-traded venue, oracle picks up anomalous price, liquidations trigger
  • API manipulation: If oracle pulls data from exchange APIs, attacker could compromise API to report false prices
  • Network attacks: Delay oracle price updates through network congestion, creating arbitrage opportunities
  • Validator collusion: If oracle uses decentralized price feeds (Chainlink, Pyth), compromising validators could enable manipulation
Dreamcash and Hyperliquid must implement:


  • Multiple redundant price sources (aggregate NYSE, NASDAQ, and reliable exchanges)
  • Outlier detection (ignore prices deviating >X% from median)
  • Circuit breakers (halt trading if price moves exceed plausible thresholds)
  • Delayed settlement (give time for disputed liquidations to be reviewed)
Even with these safeguards, oracle risk remains the Achilles heel of RWA perpetuals. A single successful manipulation attack could destroy user trust and drain liquidity.


Competition from Established Players

Dreamcash isn't alone in pursuing on-chain stock trading:
GMX: Could add RWA perpetuals using its liquidity pool model
dYdX: Has discussed stock perpetuals (not yet launched)
Vertex Protocol: Hybrid orderbook+AMM DEX, could expand asset coverage
Centralized Exchanges: Binance, Bybit could improve their existing stock perpetual offerings to retain users
The question: can Dreamcash differentiate enough to capture meaningful market share?


Advantages Dreamcash holds:
  • Tether backing (credibility, capital, USDT0 integration)
  • Mobile-first UX (most competitors focus on desktop)
  • Hyperliquid's proven infrastructure (sub-second finality, deep orderbooks)
  • Early mover advantage in USDT-collateralized RWA markets
Disadvantages:
  • Smaller liquidity than established DEXs (GMX $500M+ daily volume, Dreamcash starting from zero)
  • Unproven team vs battle-tested competitors
  • Limited asset coverage (10 markets vs potentially hundreds on CEXs)
  • Higher risk of exploitation (new smart contracts, novel collateral type)
Success will require rapid volume growth and avoiding critical exploits during the early months.


User Experience Friction Points

While Dreamcash targets mobile-first retail users, several friction points remain:


1. Wallet Management: Users must secure seed phrases, understand gas fees, and manage multiple assets (USDT → USDT0 → trade → USDT0 → USDT). One wrong transaction or lost seed phrase = permanent fund loss.


2. USDT0 Conversion: Although streamlined vs traditional bridging, minting USDT0 still requires:
  • Approving USDT spending
  • Executing mint transaction (gas fees)
  • Waiting for cross-chain confirmation
  • Bridging to Hyperliquid (additional gas)
For users accustomed to instant USDT deposits on Binance, this multi-step process creates abandonment risk.


3. Liquidity and Execution Quality: Early markets may suffer from wide spreads and slippage. If a trader executes $5,000 TSLA/USDT long on Dreamcash and experiences 1% slippage ($50 lost), vs 0.05% on Binance ($2.50 lost), they'll return to the CEX.


4. No Fiat On-Ramps: Dreamcash requires users to already hold USDT. New entrants must:
  • Buy crypto on a centralized exchange
  • Withdraw USDT to self-custody
  • Mint USDT0
  • Bridge to Hyperliquid
This multi-step funnel loses users at each stage. Without integrated fiat on-ramps (credit card → USDT0), Dreamcash remains inaccessible to crypto newcomers.
Addressing these UX challenges will determine whether Dreamcash captures mainstream retail traders or remains a niche product for DeFi-native users.


What Comes Next: Roadmap and Expansion Plans


Near-Term Priorities (Q1-Q2 2026)


Liquidity Bootstrapping: The $200,000 weekly incentive program runs through the initial launch phase (duration TBD). Success metrics include:
  • Daily trading volume >$50 million across all 10 markets within 60 days
  • Spreads tightening below 0.3% for major markets (TSLA, NVDA, USA500)
  • User acquisition >10,000 active traders in first 90 days
Additional Market Launches: With HIP-3's permissionless model, Dreamcash can rapidly deploy new markets based on user demand. Likely candidates include:
  • Additional Tech Stocks: AAPL (Apple), AMD (Advanced Micro Devices), BABA (Alibaba)
  • Traditional Finance: JPM (JPMorgan), GS (Goldman Sachs), BAC (Bank of America)
  • Consumer Goods: KO (Coca-Cola), PG (Procter & Gamble), NKE (Nike)
  • Commodities: OIL/USDT (crude oil), COPPER/USDT, WHEAT/USDT
  • Indices: NASDAQ/USDT, DOW/USDT, international indices (FTSE, DAX, Nikkei)
The 500,000 HYPE security bond enables up to 100 markets (if re-used across markets) or requires additional bonds for parallel market groups.


CASH Token Launch and Governance: Dreamcash has hinted at a forthcoming CASH token serving governance and utility functions. Potential use cases include:
  • Governance voting on market parameters, fee structures, treasury allocation
  • Staking for trading fee discounts (similar to BNB on Binance)
  • Liquidity mining rewards (supplement the $200K weekly USDT program)
  • Revenue sharing (protocol fees distributed to CASH stakers)
A well-designed tokenomics model could create sticky user retention and community ownership.


Mobile App Refinements: Based on early user feedback, expect iterations on:
  • One-click USDT0 conversion (reducing multi-step friction)
  • Social trading features (copy trading, leaderboards)
  • Advanced order types (stop-loss, take-profit, trailing stops)
  • Portfolio analytics and PnL tracking

Medium-Term Vision (2026-2027)

Fiat On-Ramp Partnerships: Integrating with fiat payment providers (Transak, MoonPay, Ramp Network) to enable:
  • Credit card → USDT0 direct purchases
  • Bank transfer on-ramps
  • Mobile money integration (for emerging markets)
This dramatically lowers the barrier to entry for non-crypto-native users.


Institutional Product Suite: While Dreamcash targets retail users, institutional demand for decentralized RWA trading exists. Potential institutional features include:
  • Sub-accounts with delegated trading permissions
  • API access for algorithmic trading
  • Prime broker integration
  • Institutional-grade reporting and compliance tools
Capturing even a fraction of institutional derivatives volume could dwarf retail trading activity.
Cross-Chain Expansion: USDT0 already supports 15 networks. Dreamcash could expand beyond Hyperliquid to:
  • Offering USDT0-collateralized markets on other Layer-1s
  • Building bridges to alternative DEX infrastructure
  • Enabling cross-chain position management (open on Hyperliquid, close on Arbitrum)
Traditional Asset Expansion: Beyond stocks and commodities, RWA perpetuals could cover:
  • Real Estate: Perpetuals tracking REIT indices or specific property markets
  • Bonds: Government and corporate bond perpetuals
  • Currencies: Forex pairs (EUR/USD, GBP/USD) settled in USDT
  • Volatility: VIX (volatility index) perpetuals
Each new asset class attracts specialized traders and diversifies Dreamcash's market offering.


The Bottom Line: A High-Risk, High-Reward Experiment

Tether's investment in Dreamcash represents a bold bet on the convergence of traditional finance and decentralized infrastructure. By enabling USDT-collateralized perpetuals for Tesla, S&P 500, and gold directly from a mobile app with no KYC, Dreamcash removes friction that has kept mainstream traders on centralized platforms.
The technology works. USDT0 has processed $50B+ across 15 networks. Hyperliquid has proven that decentralized orderbooks can achieve institutional-grade execution. Selini Capital is providing professional market making. The pieces are in place.


The questions are adoption and regulation. Will retail traders overcome the UX friction of self-custody and USDT0 conversion? Will regulators allow synthetic stock perpetuals to operate in gray zones, or will enforcement arrive swiftly?
For USDT holders who've been waiting for seamless access to on-chain stock trading, the $200,000 weekly incentive program makes early participation economically rational. For Tether, the strategic investment positions USDT0 as the infrastructure layer for the next wave of decentralized trading.


Whether Dreamcash becomes the "Robinhood of DeFi" or a cautionary tale about regulatory overreach will be determined in the months ahead. One thing is certain: Wall Street just got a little more decentralized.


Try USDT Trading on MEXC: Whether you're interested inperpetual futures, spot trading, or exploring emerging DeFi protocols,MEXC offers deep USDT liquidity across 1,700+ pairs. Trade HYPE/USDT and access the Hyperliquid ecosystem today.


Disclaimer: This content is for educational and reference purposes only and does not constitute any investment advice. Digital asset investments carry high risk. Please evaluate carefully and assume full responsibility for your own decisions.
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比特币硬件钱包制造商Coinkite已警告用户,Coldcard设备存在种子生成问题,影响从4.0.1版本起的所有Mk3固件版本。该警告是在安全研究人员调查一起涉及594.48 BTC(约合3,800万美元)的协同转移事件时发出的。然而,目前尚无公开的技术证据证实Coldcard的问题导致了这些转账。

Bitget 将退出日本:面向日本居民的服务将于 2026 年 12 月 31 日终止

Bitget 将退出日本:面向日本居民的服务将于 2026 年 12 月 31 日终止

Bitget 将于 2026 年 12 月 31 日终止对日本用户的服务。受影响的用户必须在截止日期前平仓并提取资产。

万事达完成对BVNK的收购,交易金额高达18亿美元——稳定币进入全球支付核心

万事达完成对BVNK的收购,交易金额高达18亿美元——稳定币进入全球支付核心

万事达于2026年8月3日完成了对稳定币基础设施提供商BVNK的收购,此前已于三月宣布该交易。

DEX对CEX现货交易量比率达24%,中心化交易所活动减弱

DEX对CEX现货交易量比率达24%,中心化交易所活动减弱

根据 The Block 的当前数据系列,2026年7月,去中心化交易所现货交易量与中心化交易所现货交易量之比达到24.14%。该数字并不意味着 DEX 控制了合并现货市场的24.14%:它意味着 DEX 交易量相当于数据集中包含的 CEX 交易量的24.14%。与此同时,DEX 现货交易量环比下降约26%,至约1307.7亿美元,为近两年来最低水平。

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