Tether has announced strategic investments in Dreamcash, the Dreamcash application operated by Supreme Liquid Labs for Hyperliquid, the perpetual decentralized exchange. USDT0, an omnichain version of Tether’s flagship stablecoin built with LayerZero technology, will back HIP-3 markets on Hyperliquid. With Selini Capital’s support, the project has already launched its first HIP-3 markets on Hyperliquid, backed by USDT0.
This token is an omnichain version of Tether’s flagship coin, developed using LayerZero technology. Since its January 2025 launch, USDT0 has processed more than $50 billion in transactions across 15 networks. The Dreamcash team described the potential audience as enormous, spanning traders who use USDT for margin lending on centralized exchanges, investors storing savings in stablecoins, and users in regions where USDT serves as the standard unit of account for cryptocurrency transactions.
Since mid-January, the platform has offered access to more than 10 perpetual options markets on Hyperliquid, covering tech giants like Tesla, Nvidia, Google, Meta, and Microsoft, as well as the S&P 500 index, gold, and silver. In early February, HIP-3 daily trading volume exceeded $5 billion, with TradeXYZ accounting for roughly 90% of turnover. Tether’s involvement follows its recent strategic investment in LayerZero Labs, underscoring its push to broaden interoperability across blockchains and expand stablecoin usage within DeFi. The developments indicate Tether’s broader strategy to onboard new users to Hyperliquid’s ecosystem through cross-chain stablecoins.
Leave a Reply