Tether makes a strategic investment in Supreme Liquid Labs, the parent company of Hyperliquid's frontend Dreamcash

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.