Tether Migrates $183B USDT to Bitcoin Blockchain Amid Morgan Stanley Talks

Tether's USDT stablecoin is making a significant shift as it leaves its current blockchain to come home to Bitcoin, according to CEO Paolo Ardoino. This move marks a major change for the largest stablecoin in circulation, which currently backs a $183 billion supply across multiple chains.

Ardoino confirmed the USDT on Bitcoin integration directly through his X post, stating that 'USDT is coming home' to the Bitcoin blockchain. This development follows last month's denial of plans for a standalone USDT blockchain, and it has been met with interest from Morgan Stanley.

Morgan Stanley is reportedly in talks regarding a possible rollout tied to this Tether Bitcoin blockchain integration, which could give USDT a significant new distribution channel through traditional banking infrastructure. Analysts suggest that Tether's scale in global crypto liquidity makes its announcements carry outsized weight, and this move could streamline Bitcoin stablecoin settlement for large institutional flow.