Tether makes a strategic investment in Hyperliquid's front end Dreamcash's parent company, Supreme Liquid Labs

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ChainCatcher reports that, 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 10 real-world asset (RWA) perpetual contract markets collateralized by USDT 0 through Hyperliquid’s HIP-3 permissionless standard. These markets are provided liquidity by Selini Capital and cover major 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 CASH market, which offers a weekly $200,000 incentive program distributed based on users’ USDT trading volume share. Dreamcash did not disclose the specific investment amount, stating that the program aims to lower entry barriers for users and incentivize early participants.

RWA4,41%
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