Tether, Fasanara Launch $3B Private Credit Fund Using USDT

Tether and Fasanara Capital have teamed up to launch StableFund, a private credit fund that will use Tether's USDT stablecoin as settlement infrastructure.

The fund aims to raise $3 billion from institutional investors in addition to its initial $400 million. Fasanara Capital will manage the fund, while Tether will identify investment opportunities and provide capital movement infrastructure.

The investment focus is on short-term asset-backed lending through fintech platforms in over 60 countries, targeting SME and consumer lending, trade receivables, and supply chain finance.