Tether and Fasanara Capital have launched StableFund, an evergreen private credit vehicle backed by an initial $400 million commitment from the two firms. The partners said the fund aims to bring in as much as $3 billion in third-party institutional capital to expand stablecoin-backed lending tied to the real economy. Fasanara will serve as investment manager and deploy capital through its global fintech lending network into short-duration, asset-backed credit strategies. Tether will act as co-originator, loan opportunity originator, and adviser, focusing on financing opportunities connected to USDT while also providing the stablecoin settlement, on- and off-ramp, and treasury management infrastructure needed for the fund. The vehicle is designed to embed USDT into fintech platforms operating in more than 60 countries, with lending aimed at small and medium-sized businesses as well as consumers. Tether said the structure is intended to improve the flow efficiency of cross-border credit capital. It also pointed to an estimated $5.7 trillion global financing gap for SMEs.
Tether and Fasanara Capital said on Sept. 9 that they have launched StableFund, an evergreen private credit vehicle seeded with $400 million from the two firms. The partners said the fund will seek to attract up to $3 billion in third-party institutional capital to scale stablecoin-backed lending to the real economy.
How the fund will operate
Fasanara will act as investment manager and allocate capital through its global fintech lending network. According to the announcement, the strategy will focus on short-duration, asset-backed credit.
Tether will serve as co-originator, originator of loan opportunities, and adviser. Its role includes identifying financing opportunities linked to USDT and providing the infrastructure for stablecoin settlement, on- and off-ramping, and treasury management.
Geographic reach and lending focus
The fund is intended to embed USDT into fintech platforms across more than 60 countries, with financing aimed at small and medium-sized enterprises and consumers.
Tether said the structure is meant to improve the circulation efficiency of cross-border credit capital. The company also cited an estimated $5.7 trillion global financing gap for SMEs.
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