Tether Takes USDT to Bitcoin as Morgan Stanley Talks Emerge

• Tether plans to issue $USDT natively on Bitcoin through RGB.
• RGB uses Bitcoin for commitments while keeping contract data off-chain.
• Morgan Stanley personnel reportedly discussed the infrastructure, but no bank rollout has been announced.

Tether CEO Paolo Ardoino has put Bitcoin back at the center of $USDT’s expansion strategy, saying the world’s largest stablecoin is “coming home” as institutional discussions emerge around its Bitcoin-native infrastructure.

$USDT on Bitcoin. It's coming home https://t.co/JnUo8og7Vv

— Paolo Ardoino (@paoloardoino) September 24, 2026

Tether has already committed to issuing $USDT through RGB, potentially opening Bitcoin to a stablecoin market worth roughly $183.5 billion without requiring Tether to build a blockchain of its own.

The opportunity is not $183.5 billion suddenly migrating onto Bitcoin. It is whether Bitcoin can capture a meaningful share of stablecoin settlement that currently happens elsewhere.

$USDT Is Coming to Bitcoin, Not a Tether Blockchain

Ardoino’s latest comment follows speculation over whether Tether might eventually create a proprietary blockchain.

That is not the strategy the company has announced.

Tether said in August 2025 that it would bring $USDT to RGB, which had reached Bitcoin mainnet with its v0.11.1 release. The integration is designed to let users hold and transfer Bitcoin and $USDT from the same wallet while using Bitcoin as the underlying commitment layer.