Tether invests in Dreamcash to expand RWA perps on Hyperliquid

Tether has made a strategic investment in the parent company behind Dreamcash, a mobile trading interface for Hyperliquid, following the launch of 10 USDT0-collateralized real-world asset perpetual markets on the DEX.

The new perps cover the S&P 500, commodities such as gold and silver, and single stocks including Tesla, Nvidia, Google, Amazon, Meta, Robinhood, Intel and Microsoft. The markets were launched in collaboration with Selini Capital and use the permissionless HIP-3 standard, which supports custom collateral types.

Tether’s funding will back a $200.000 weekly incentive program for Dreamcash CASH markets, rewarding traders based on their share of total USDT trading volume. The investment size was not disclosed. Dreamcash is developed by Supreme Liquid Labs as a self-custodial trading app for Hyperliquid.