Tether and Fasanara launch $400M StableFund to raise $3B for private credit
StableFund launched with $400M backing
Tether and Fasanara Capital announced the creation of StableFund, a private credit fund that starts with $400 million in capital. The fund aims to attract up to $3 billion from institutional investors.
StableFund will use Tether’s USDT stablecoin – a digital token pegged to the US dollar – as the settlement layer for short‑term, asset‑backed loans offered through fintech platforms in more than 60 countries.
Key details
- Initial capital: $400 million from Tether and Fasanara.
- Target size: $3 billion from institutional investors.
- Focus: small‑ and medium‑sized business and consumer lending, including trade receivables and supply‑chain finance.
- Geographic reach: fintech platforms operating in over 60 countries.
Official announcement
In a press release, Tether and Fasanara described StableFund as an “evergreen” fund that will leverage USDT for on‑ and off‑chain fund movement. The release highlighted the partnership’s goal to expand stablecoin‑enabled lending in the real economy.
Fund structure and management
Fasanara, a London‑based asset manager with more than $6 billion under management, will manage the fund’s investments and deploy capital through its network of fintech lenders. Tether will source financing opportunities tied to USDT and provide the infrastructure for moving funds.
Tether’s financial backdrop
In the second quarter, Tether reported about $1.5 billion in net operating profit, largely from its US Treasury and repo holdings. At the end of June, the company held $187.8 billion in assets and maintained a $4.11 billion reserve buffer.
Why stablecoin‑enabled lending matters
Using a stablecoin like USDT can speed up cross‑border payments and reduce reliance on traditional banking channels. By linking digital dollars to real‑world loans, the fund aims to bring crypto‑based finance to everyday businesses and consumers.
