Tether Partners with Fasanara Capital to Launch $3 Billion Private Credit Fund

Tether has partnered with London-based asset manager Fasanara Capital to launch StableFund, a perpetual private credit fund with a target size of $3 billion. The fund, which has an initial $400 million in seed capital, aims to provide loans to small and medium-sized enterprises across more than 60 countries using USDT for settlement. This move marks Tether's expansion into the private credit market, positioning it as a significant player in global lending while bypassing traditional banking rails.