Tether and Fasanara Capital launch $400 million private credit fund StableFund

Tether and Fasanara Capital have partnered to launch StableFund, a $400 million private credit fund aiming to attract up to $3 billion in institutional capital. The fund provides short-term, asset-backed financing to small and medium-sized enterprises in over 60 countries. Tether provides the USDT settlement infrastructure, while Fasanara Capital serves as the investment manager. Tether CEO Paolo Ardoino stated that the initiative aims to channel capital directly to businesses and communities in need.