Tether, Fasanara launch $400M private credit fund targeting $3B
Tether and Fasanara Capital launched StableFund, a private credit evergreen fund seeded with $400 million from the two firms and targeting up to $3 billion from institutional investors. The fund will use USDT as settlement infrastructure for short-duration, asset-backed lending through fintech platforms in more than 60 countries. It will focus on small and medium-sized businesses and consumer credit, including trade receivables and supply chain finance. Fasanara will manage investments and deploy capital through its fintech lender network, while Tether will source USDT-linked opportunities and handle on- and offchain fund movement. The launch extends Tether’s growing use of balance-sheet capital beyond stablecoins, following investments in fintech, crypto, sports, and AI-related businesses.
