Collaboration Background and Market Launch
Tether, the global leader in stablecoin issuance, recently announced a strategic partnership with Dreamcash, the mobile frontend of the Hyperliquid ecosystem. Together, they will launch a real-world asset (RWA) perpetual contract market backed by USDT. This move expands the use cases for USDT while providing investors with more diversified trading options.
The initial batch of listed contracts includes 10 assets, such as popular U.S. equities like Tesla, Nvidia, Google, and Meta, as well as commodities like the S&P 500 Index, gold, and silver.
Technical Infrastructure and Incentive Programs
The market is built on Hyperliquid’s HIP-3 standard, supporting flexible collateral options. Third-party frontends can deploy their own markets after staking a specified amount of HYPE tokens. To drive user participation, Dreamcash announced that Tether will support a weekly $200,000 incentive program, rewarding top USDT traders.
Dreamcash, developed by Supreme Liquid Labs, is a non-custodial mobile application designed specifically for Hyperliquid trading, offering users a seamless and secure trading experience.