Dreamcash will close the CASH perpetual market in three phases starting from June 30

Foresight News reports that Dreamcash, a Hyperliquid ecosystem trading platform funded by Tether, has announced it will close its CASH perpetual market deployed on HIP-3. The reason is that USDC has been natively integrated into the Hyperliquid platform, and operating as a USDT deployer creates a user experience barrier that is too high, making it difficult to maintain the previously envisioned neutral positioning. The closure will take place over three days: from June 30 to July 2, each market will be settled sequentially according to oracle prices. All open positions will be automatically closed at the settlement price without user intervention. As the platform uses a non-custodial architecture, user funds, balances, and rewards are unaffected and no withdrawal is required.

The schedule is as follows: on June 30 at 21:45 (UTC+8), the CASH market enters the settlement phase. From 22:00 (UTC+8), KWEB, CAR, EWY, INTC, MSFT, SILVER, WTI will be settled sequentially, with an interval of 1 hour between each market. On July 1 at 22:00 (UTC+8), GOLD, AMZN, META, NVDA will be settled. On July 2 at 22:00 (UTC+8), GOOGL, HOOD, TSLA, USA500 will be settled. All markets will complete settlement by July 3 at 1:00 (UTC+8). Dreamcash stated it will refocus its core resources on the development of the mobile trading application; the App itself will not be affected and will continue to operate as usual.

Foresight News previously reported that Supreme Liquid Labs, the parent company of Hyperliquid’s mobile interface Dreamcash, received a strategic investment from Tether in February 2026; the exact amount was not disclosed. In collaboration with Selini Capital, the two parties launched the HIP-3 RWA perpetual contract market collateralized by USDT0.