Tether invests in Dreamcash to enable USDT0-collateralized perpetuals on Hyperliquid
Tether has invested in Supreme Liquid Labs, the parent of Dreamcash, to expand USDT0‑collateralized perpetuals on Hyperliquid via a mobile interface. According to ChainCatcher, the stake was confirmed but the amount was not disclosed.
Dreamcash functions as a mobile front end to Hyperliquid. As reported by crypto Briefing, the integration opens access to perpetual markets referencing TSLA, NVDA, the S&P 500, gold, and silver using USDT0 as collateral.
Why it matters: Hyperliquid mobile interface unlocks frictionless USDT access
Removing conversion and bridging steps matters for user safety and cost. According to Tether, USDT0 maintains parity with USDT through a lock‑and‑mint design, enabling value portability into decentralized venues like Hyperliquid.
For USDT holders, this means direct exposure without changing base assets or relying on intermediary custodians. Adoption will still hinge on execution quality, risk controls, and jurisdictional requirements.
Immediate impact: incentives, Selini Capital liquidity, and new markets
As reported by The Block, Dreamcash is pairing the rollout with a $200,000‑per‑week rewards program for USDT trading and has lined up Selini Capital as a primary liquidity provider to target tighter spreads across initial markets. Those mechanics are intended to support launch‑day depth and pricing while early order books form.
Early incentives can seed activity, but durability will be tested as programs phase out. “bring new users into the Hyperliquid ecosystem by removing friction and rewarding early participants,” said Dreamcash (Supreme Liquid Labs) in its announcement.
How USDT0 works and self-custodial Dreamcash trading steps
USDT0 lock-and-mint parity with USDT on Hyperliquid
USDT0 is described as maintaining 1:1 parity with USDT via a lock‑and‑mint process. Users lock USDT and receive equivalent USDT0 for use on Hyperliquid. The structure is intended to keep value consistent across supported environments.
Dreamcash mobile self-custody flow: fund USDT, mint USDT0, trade
Users hold their own keys in Dreamcash’s self‑custodial setup, as reported by FinanceFeeds. The basic flow is: fund a wallet with USDT, mint USDT0 one‑for‑one, and connect to Hyperliquid to post USDT0 as collateral. Positions can then be opened in listed perpetual markets. Redemption reverses the path, subject to venue and protocol rules.
FAQ about Tether invests in Dreamcash
How does Tether’s investment in Dreamcash change access to Hyperliquid markets for USDT holders?
It removes conversion friction: USDT holders can mint USDT0 1:1 and use it as collateral on Hyperliquid through Dreamcash’s mobile interface, maintaining dollar parity while remaining self-custodial.
Which USDT0-collateralized perpetual markets are live (e.g., TSLA, NVDA, S&P 500, gold, silver) and how are they priced and settled?
Perpetuals include TSLA, NVDA, S&P 500, gold, and silver. They trade on Hyperliquid with USDT0 collateral and are priced and settled per the venue’s market-structure and rulebook.
At the time of this writing, the provided market feed was flagged as delayed; based on data from Yahoo Finance and Bloomberg, gold was cited near US$5,000 and BTC showed a modest intraday gain. These figures are included for background only and do not reflect trading guidance.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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