Tether and Fasanara Capital Launch Private Credit Fund Targeting $3 Billion

Tether has partnered with UK-based Fasanara Capital to establish a private credit fund. The companies will jointly invest $400 million, with a goal to raise up to $3 billion from institutional investors. The fund aims to expand lending services for small and medium-sized enterprises and individuals across more than 60 countries, leveraging the USDT payment network.