Tether and Fasanara Capital launch $400 million private credit fund

Tether and Fasanara Capital have partnered to launch StableFund, a private credit fund with an initial $400 million anchor investment from both institutions. The fund aims to attract up to $3 billion in third-party capital to provide short-term, asset-backed credit to small and medium-sized enterprises. Fasanara Capital will serve as the investment manager, while Tether will act as a co-sponsor and advisor, providing infrastructure for USDT-linked financing and settlement.