Tether Expands Stablecoin Trading Infrastructure into Equity and Commodity Markets

Tether has made a strategic investment in the parent company behind Dreamcash, a mobile interface designed for Hyperliquid. This move signifies Tether’s ongoing efforts to broaden stablecoin-backed trading infrastructure into on-chain equity and commodity markets.

This investment comes on the heels of the recent launch of the first HIP-3 perpetual markets collateralized with USDT0, a collaboration between Tether, Dreamcash, and Selini Capital. These markets offer perpetual contracts linked to various assets, including the S&P 500 index, gold, silver, and individual stocks like Tesla, Nvidia, Google, Amazon, Meta, Robinhood, Intel, and Microsoft, all settled in USDT.

The newly introduced markets operate on USDT0, Tether’s integrated liquidity network that adheres to LayerZero’s OFT standard. Since its inception in January 2025, USDT0 has facilitated over $50 billion in cumulative transfers across 15 networks, establishing itself as a rapidly expanding cross-chain stablecoin infrastructure.

Prior to this development, USDT holders faced challenges accessing Hyperliquid markets directly, necessitating bridging or asset conversion. USDT0 maintains a 1-to-1 peg with USDT through a lock and mint mechanism, allowing traders to seamlessly transfer funds from centralized exchanges to non-custodial wallets without altering their unit of account.

To encourage early adoption, the collaborating entities will roll out a $200,000 weekly trading incentive program for CASH markets utilizing USDT. Traders will receive rewards based on their share of the total USDT trading volume during the initial launch phase.