The company Supreme Liquid Labs is the operator of the user application Dreamcash for the perp-DEX Hyperliquid and has announced strategic investments from the issuer of the stablecoin Tether.
The collaboration aims to attract millions of USDT users to the ecosystem of the decentralized exchange. With the assistance of Selini Capital, the application has already opened the first HIP-3 markets on Hyperliquid, backed by USDT0. The token is an omnichain version of Tether's flagship coin developed based on LayerZero technology.
According to the statement, since its launch in January 2025, USDT0 has helped process transactions totaling over $50 billion across 15 networks.
The Dreamcash team estimates the target audience of the initiative as 'huge'. Potentially, it includes:
traders who constantly use USDT for margin lending on CEX;
investors who store savings and working capital in stablecoin;
users from regions where USDT serves as the standard unit of account for all cryptocurrency transactions.
Since mid-January, the app has opened access on Hyperliquid to more than 10 perpetual options markets on tech stocks like Tesla, Nvidia, Google, Meta, and Microsoft, as well as on the S&P 500 index, gold, and silver.
In early February, the daily trading volume on the HIP-3 decentralized platform exceeded $5 billion. The main provider remains TradeXYZ, which accounts for almost 90% of the segment's turnover.
Recall that this month, Tether became a strategic investor in the developer of the LayerZero Labs interoperability protocol.