Tether Backed Fund Targets $3 Billion with $400M Launch Investment

Tether and Fasanara Capital have launched a private credit fund called StableFund with an initial investment of $400 million from the two companies. The goal is to raise up to $3 billion from institutional investors.

The evergreen fund will use Tether's USDT as settlement infrastructure for short-duration, asset-backed lending to businesses and consumers through fintech platforms in over 60 countries.

Fasanara Capital will manage the investments while Tether sources USDT-linked financing opportunities and provides infrastructure for moving funds on- and off-chain.

The fund will focus on small and medium-sized businesses and consumer lending, including trade receivables and supply chain finance.