Tether has invested in the parent company of Dreamcash, a mobile interface built on Hyperliquid, The Block reported on Feb. 13.
The investment came shortly after Selini Capital, Dreamcash and Tether collaborated to launch collateral-backed RWA perpetual futures using USDT0, an omnichain version of USDT.
Dreamcash said on social media platform X, formerly Twitter, that "millions of USDT holders had no way to directly access Hyperliquid markets."
Hyperliquid has used USDC as its base collateral for perpetual futures trading and is also preparing its own stablecoin, USDH.
Dreamcash operates based on Hyperliquid's HIP-3 standard. HIP-3 is designed to allow third-party front ends that meet certain conditions to open new perpetual futures markets without permission. Third-party front ends such as Dreamcash can open markets if they meet a requirement to stake 500,000 HYPE tokens as collateral.
Chi-gyu Hwang
delight@d-today.co.kr