Tether discussed USDT on Bitcoin with Morgan Stanley at a Washington dinner, signaling potential institutional collaboration.
DeFi & Yields ·
Tether held a discussion centered on USDT on Bitcoin with representatives from Morgan Stanley at a dinner event in Washington, according to a post from Paolo Ardoino. The exchange reflects growing institutional interest in stablecoin infrastructure across blockchain networks. Morgan Stanley has positioned itself as an active participant in crypto markets through multiple channels: the bank launched a spot Bitcoin ETF (MSBT) with a 0.14% fee in April 2025, filed for Ethereum and Solana ETPs, and began offering direct crypto trading to retail brokerage clients via E*Trade at competitive rates. The firm's wealth-management platform, which oversees $9.3 trillion in assets, has signaled expansion into tokenization and digital asset services beyond spot products.
The specifics of what Tether and Morgan Stanley discussed regarding USDT implementation on Bitcoin—whether focused on technical integration, custody arrangements, or broader institutional adoption pathways—remain unclear. Morgan Stanley's documented shift from cautious observer to comprehensive crypto participant suggests institutional demand is reshaping traditional finance's relationship with digital assets, yet no formal announcement or agreement between the two entities has been disclosed. The extent to which this discussion may translate into a formal business relationship or product integration remains unconfirmed.