Armitage expands USDT vault offerings on Morpho platform

Armitage, the vault curation division of crypto market maker Wintermute, is branching into USDT lending on the Morpho protocol. The move marks a deliberate pivot from the USDC-only strategy the team launched with just a few months ago, signaling a broader push toward multi-stablecoin DeFi yield products. The new USDT Prime vault targets a 3-4% annual percentage yield and charges zero management or performance fees. From one stablecoin to two Armitage first appeared on the scene in May 2026 with a pair of USDC vaults on Morpho, using Wintermute’s liquidation engine as the safety net underneath. As of late August 2026, Armitage reported roughly $51.8 million in total assets under management across its Morpho vaults. A co-curated Pendle Ecosystem USDC vault alone hit between $50 million and $53.55 million in total value locked within weeks of its launch. The USDT Prime vault allocates deposits exclusively to what Armitage calls blue-chip Morpho markets, including cbBTC/USDT and WBTC/USDT pairs. The existing USDC Prime vault, meanwhile, targets a slightly higher yield of 4-5% APY under similarly conservative parameters. Both vaults sit on Morpho V2 smart contracts, meaning deposits rem...