Dreamcash has moved quickly to expand the frontier of on-chain derivatives, announcing the launch of USDT-collateralized perpetual futures tied to Real World Asset (RWA) HIP-3 contracts on Hyperliquid.
Rolled out on January 16, 2026, the initiative brings together Dreamcash, Tether, and Selini Capital in a coordinated effort to make sophisticated on-chain markets accessible to a wider retail audience.
According to BlockBeats, the new markets are designed to run entirely on Hyperliquid while allowing traders to post USDT as collateral—removing a long-standing friction point for users accustomed to stablecoin-based trading on centralized exchanges.
Key Takeaways
- USDT-collateralized HIP-3 RWA perpetuals on Hyperliquid lower the barrier for retail traders by allowing them to trade on-chain using a familiar stablecoin.
- The partnership between Dreamcash, Tether, and Selini Capital combines user-focused design with institutional-grade liquidity and market infrastructure.
- Hyperliquid’s HIP-3 framework enables permissionless deployment of perpetual markets that have already generated significant on-chain trading volume.
- Growing demand for real-world asset derivatives highlights a shift toward bringing traditional finance-style instruments into decentralized markets.
Bridging Retail Trading Habits With On-Chain Markets
The rollout reflects a broader attempt to meet retail traders where they already are. USDT remains the most widely used stablecoin globally, particularly in regions where it functions as a de facto unit of account.
By supporting USDT-collateralized perpetuals, the new HIP-3 markets allow traders to move on-chain without changing how they manage capital, price risk, or track profits.
Dreamcash’s role centers on distribution and usability. The platform is positioning itself as a mobile-first gateway, offering a streamlined interface that mirrors the speed and polish of mainstream fintech trading apps.
The goal is not just access to on-chain markets, but a trading experience that performs reliably under real conditions—tight spreads, dependable fills, and consistent pricing during volatility.
Why Perpetual Futures Matter
Perpetual futures have become the dominant derivatives product in crypto, overtaking traditional options and dated futures due to their simplicity, round-the-clock trading, and built-in leverage. Their influence is now spilling into traditional finance, particularly among retail traders who favor short-dated, high-volume instruments.
Data from 2025 illustrates the scale of this appetite. Same-day equity options in U.S. markets accounted for more than 61% of S&P 500 options volume in May, with retail participation estimated at roughly 54% and daily notional volumes surpassing $500 billion.
The structure of perpetuals—continuous trading with no expiry—closely mirrors the immediacy retail traders seek, making them a natural candidate for tokenized real-world exposure.
Hyperliquid’s HIP-3 and the Role of USDT0
Hyperliquid’s HIP-3 upgrade, introduced in October, enables permissionless deployment of perpetual markets by participants who meet staking requirements.
Since launch, HIP-3 markets have generated more than $10 billion in cumulative volume within three months, underscoring strong demand for customizable on-chain derivatives.
The new Dreamcash markets are built using USDT0, a cross-chain version of USDT that operates through a lock-and-mint design.
Since its debut in January 2025, USDT0 has processed over $50 billion in transfers across 15 networks, maintaining a 1:1 peg with USDT while allowing capital to move efficiently between chains.
Liquidity and Market Integrity
A key concern for retail-facing derivatives is execution quality. To address this, Dreamcash partnered with Selini Capital, a trading firm known for institutional liquidity provision.
Selini’s involvement is intended to ensure deep order books, resilient pricing, and dependable market behavior from day one—factors that often determine whether new perpetual markets gain lasting traction.
On-chain data already points to rising interest in RWA-linked derivatives, and the launch of HIP-3 perpetuals backed by USDT places Dreamcash at the intersection of that trend.
By combining familiar collateral, institutional liquidity, and a consumer-grade interface, the platform is betting that the next wave of retail traders will arrive on-chain without needing to relearn how they trade.
