Tether, Fasanara Launch StableFund with $400M Seed Capital

Tether and Fasanara Capital have launched StableFund, an evergreen private-credit vehicle backed by $400 million in sponsor co-investment. The fund aims to raise up to $3 billion from institutional capital.

The launch marks a significant step for Tether's stablecoin USDT, which will be linked to the funding opportunities and settlement infrastructure provided by StableFund.

Fasanara Capital will manage the fund and deploy its capital through fintech lending platforms in over 60 countries. Its strategy focuses on short-duration, asset-backed credit for small and medium-sized enterprises and consumers.