Tether Expands USDT into Private Credit Lending with $3 Billion Fund
Tether is expanding its USDT stablecoin beyond cryptocurrency trading into private credit lending. The company, in partnership with Fasanara Capital, launched a $400 million fund called StableFund that aims to grow to $3 billion with additional institutional capital.
The StableFund will target small and medium-sized businesses with Tether sourcing USDT-linked financing opportunities while providing the stablecoin settlement infrastructure connecting digital assets with traditional currencies. Fasanara will source and underwrite the loans.
Tether's Paolo Ardoino said, 'USD₮ was built to be money that works everywhere, across borders, around the clock, without friction.' He added that through this fund, Tether is playing a role it is best positioned to play, sourcing USD₮-linked financing opportunities and providing stablecoin infrastructure for seamless cross-border lending.