Tether and Fasanara launch $400 million private‑credit fund
Event overview
Tether, the issuer of the USDT stablecoin, is partnering with London‑based asset manager Fasanara Capital to launch a new private‑credit vehicle called StableFund. The fund is anchored with $400 million from the two firms and aims to raise up to $3 billion from institutional investors.
Key points
- The fund will provide short‑term, asset‑backed loans to small and medium‑size businesses and consumers.
- Fintech lenders in more than 60 countries will receive the capital.
- USDT will be used to move money across borders and to convert between traditional currencies and digital dollars.
- Tether’s CEO Paolo Ardoino said the firm will source USDT‑linked financing opportunities and supply the stablecoin infrastructure for seamless cross‑border lending.
Announcement details
The partnership was announced on Tether’s website on 9 September 2026. Fasanara will manage StableFund and deploy the capital into short‑term, asset‑backed loans through fintech platforms. Tether will contribute the $400 million anchor and provide the USDT payment infrastructure.
Confirmed facts
- Tether and Fasanara are launching StableFund with a $400 million anchor.
- The fund targets up to $3 billion in additional capital from institutional investors.
- Loans will be short‑term and asset‑backed, delivered via fintech lenders in over 60 countries.
- USDT will be used for cross‑border payments and currency conversion.
- Paolo Ardoino is quoted as saying Tether will source USDT‑linked financing opportunities.
Why it matters
The move expands Tether’s role beyond issuing a stablecoin. By using USDT as a bridge for real‑economy lending, the company is entering traditional finance and could increase the use of stablecoins in emerging markets.
Next steps
StableFund will seek additional institutional commitments to reach its $3 billion goal. Once capital is raised, the fund will begin allocating loans through its fintech partners, using USDT to move funds quickly across borders.
