Tether and Fasanara Capital Launch a $400 Million Private Credit Fund

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Tether and Fasanara Capital announced the launch of StableFund, a $400 million private credit fund targeting $3 billion in institutional capital. The initiative focuses on short-term, asset-backed loans for SMEs. Fasanara will manage the fund, leveraging its fintech lending network across more than 60 countries. Tether will co-initiate, originate assets, and provide USD₮-pegged financing and infrastructure. This token launch marks a new milestone in stablecoin utility, with the network upgrade in fund operations potentially expanding Tether’s role in institutional markets.

ChainThink reports that on September 9, according to an official announcement, Tether and technology-focused private credit asset management firm Fasanara Capital jointly launched the StableFund private credit fund.

The fund was jointly initiated by both parties and is currently backed by a total of $400 million in committed capital from two institutions, with plans to attract up to an additional $3 billion in third-party institutional capital. The fund will focus on providing short-term, asset-backed credit to small and medium-sized enterprises.

Fasanara Capital serves as the investment manager, allocating assets through a fintech lending network spanning more than 60 countries;

Tether serves as co-sponsor, asset sponsor, and advisor, responsible for identifying financing opportunities tied to USD₮ and providing stablecoin settlement, deposit and withdrawal, and fund management infrastructure.

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