Stablecoin issuer Tether has invested in Dreamcash, a mobile interface built on Hyperliquid, to support the rollout of USDT0-collateralized perpetual markets tied to real-world assets.
The collaboration, which also involves Selini Capital, introduces perpetual futures contracts tracking assets such as the S&P 500, gold, silver, and major technology stocks including Tesla and Nvidia.
Historically, Hyperliquid’s perps markets relied on USDC, but the new offering enables traders holding USDT to access these products directly.
Dreamcash said the initiative expands on-chain trading opportunities and bridges stablecoin liquidity with synthetic exposure to traditional financial instruments.
Hyperliquid is also developing its own native stablecoin, USDH. The investment highlights Tether’s strategy to broaden USDT’s utility beyond spot crypto trading and deepen its footprint in decentralized derivatives markets.
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