dreamcash

Tether's investment in Hyperliquid's mobile interface and the non-custodial trading platform Dreamcash announced that it will gradually shut down its CASH perpetual contract market based on Hyperliquid HIP-3, while retaining the non-custodial trading application.All CASH markets will be settled sequentially according to a preset schedule from June 30 to July 2, and positions will be automatically closed at settlement based on external oracle prices, with the funding rate set to 0 during this period.

According to The Block, stablecoin issuer Tether has made a strategic investment in Supreme Liquid Labs, the parent company of the Hyperliquid mobile interface Dreamcash.Recently, Dreamcash deployed 10 perpetual contract markets for real-world assets (RWA) collateralized by USDT 0 through Hyperliquid's HIP-3 permissionless standard. This batch of markets is provided liquidity by Selini Capital and covers commodities such as the S&P 500 index, gold, and silver, as well as individual stocks like Tesla, Nvidia, Google, Amazon, Meta, Robinhood, Intel, and Microsoft.Tether's investment will support Dreamcash's CASH market with a weekly incentive program of $200,000, distributing rewards based on users' USDT trading volume share. Dreamcash did not disclose the specific amount of the investment, stating that the program aims to lower the entry barrier for users and incentivize early participants.