Tether and asset manager Fasanara Capital announced on Wednesday (9) the launch of StableFund, a private credit fund started with US$ 400 million in capital from the two companies and that intends to raise up to US$ 3 billion from institutional investors.
The fund marks an expansion of USDT's use beyond payments and digital asset trading. The stablecoin will be used as part of the StableFund's settlement and capital movement infrastructure, including international operations and conversions between traditional currencies and digital assets.
Fasanara will be responsible for managing investments and allocating funds through its global network of fintech platforms. The capital will be directed mainly to asset-backed short-term loans, with a focus on small and medium-sized enterprises and consumers in more than 60 countries.
Tether will act as co-sponsor, originator and advisor to the fund, identifying financing opportunities linked to USDT and providing the necessary infrastructure for settlement, inflow and outflow of funds and integration with treasury systems. The structure allows the token to be incorporated directly into the credit flows operated by fintechs.
The StableFund was structured as an evergreenvehicle, with no fixed term for closure, and may expand its assets as new institutional investors enter. Fasanara manages more than US$ 6 billion in assets and already operates in private credit and asset-based financing through international partners.
The initiative puts Tether directly in a private credit market estimated by the companies at around US$ 3 trillion globally. For the company, the fund also expands USDT's presence in traditional financial infrastructure, using the stablecoin as a settlement mechanism for cross-border credit operations.
