Dreamcash has unveiled a new suite of Real World Assets (RWA) HIP-3 perpetual markets on the Hyperliquid platform, in collaboration with stablecoin giant Tether and liquidity provider Selini Capital. The initiative seeks to onboard millions of retail traders to on-chain perpetuals by leveraging the widely used USDT stablecoin.

The partnership combines Dreamcash's user-friendly, mobile-first trading app with Tether's omnichain USDT0 stablecoin and Selini Capital's expertise in market infrastructure and liquidity. "The goal is straightforward: bring a much larger population of traders on-chain by using the stablecoin they already know and hold to the most liquid HIP-3 markets," Dreamcash stated in its announcement.

Perpetual futures, a hallmark innovation in cryptocurrency trading, have revolutionized derivatives by offering 24/7 access, straightforward leverage, and no expiration dates. This model has dominated crypto markets, surpassing traditional options and futures in volume. Now, Dreamcash and its partners are exporting this simplicity to traditional assets, targeting retail equity traders who crave fast, high-leverage opportunities.

The opportunity is particularly ripe among retail investors drawn to zero-days-to-expiry (0DTE) options. In May 2025, 0DTE contracts linked to the S&P 500 accounted for over 61% of all SPX options volume, with retail traders driving approximately 54% of that activity. The average daily notional value for index options alone exceeded $500 billion, highlighting the massive demand for quick, leveraged exposure. Perpetual markets, the announcement argues, offer a simpler alternative to capture this behavioral trading flow.

By integrating USDT as collateral, the collaboration addresses a key gap in the decentralized exchange (DEX) landscape. While equity indices and single stocks have been available on Hyperliquid through other providers, USDT-backed perps tap into the largest pool of crypto trading capital. This includes centralized exchange (CEX) perpetual traders who use USDT margins daily, global retail users holding savings in Tether, and regions where USDT serves as the default unit of account.