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Tether Backs Dreamcash as USDT0-Powered Equity and Commodity Perps Go Live on Hyperliquid

USDT0’s lock-and-mint peg lets USDT move from exchanges to wallets without conversion.

Overview

  • The live HIP-3 lineup includes S&P 500 exposure, gold and silver, and single‑stock perpetuals for Tesla, Nvidia, Microsoft, Alphabet, Amazon, Meta, Robinhood and Intel.
  • All contracts are collateralized with USDT0 and settle in USDT on Hyperliquid’s non‑custodial markets.
  • A $200,000 weekly rewards program will jump‑start CASH‑market activity during launch, paying traders by their share of USDT trading volume.
  • USDT0 is built on LayerZero’s OFT standard and has facilitated more than $50 billion in transfers across 15 networks since January 2025.
  • The 1:1 USDT peg removes prior bridging or asset conversion requirements for Hyperliquid access, with market liquidity supported by Selini Capital.