ChainCatcher report, according to The Block, stablecoin issuer Tether has made a strategic investment in Supreme Liquid Labs, the parent company of Hyperliquid’s mobile interface, Dreamcash. Recently, Dreamcash deployed ten real-world asset (RWA) perpetual markets on Hyperliquid’s permissionless HIP-3 standard, collateralized by USDT. These markets are provided with liquidity by Selini Capital and cover commodities such as the S&P 500 index, gold, and silver, as well as individual stocks including Tesla, NVIDIA, Google, Amazon, Meta, Robinhood, Intel, and Microsoft. Tether’s investment will support Dreamcash’s weekly $200,000 incentive program for its CASH markets, distributing rewards based on users’ USDT trading volume share. Dreamcash has not disclosed the specific investment amount, stating that the initiative aims to lower entry barriers and incentivize early participants.
Tether Invests in Supreme Liquid Labs, Parent Company of Hyperliquid's Dreamcash Frontend
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Summary
Tether has invested in Supreme Liquid Labs, the parent company of Dreamcash, a frontend for Hyperliquid. Dreamcash has launched 10 USDT-pegged perpetual futures markets via Hyperliquid’s HIP-3 standard, covering the S&P 500, gold, silver, and stocks such as Tesla and NVIDIA. Tether’s funding supports a $200,000 weekly incentive program for CASH markets, based on USDT trading volume. Investment details were not disclosed.
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