Tether launches private credit fund to promote stablecoin use

What happened

Tether, the issuer of the USDT stablecoin, announced the creation of a private credit fund. The fund is intended to increase the use of its stablecoin in credit markets.

Key points

• Tether is launching a private credit fund.
• The fund’s goal is to boost the use of the USDT stablecoin.
• Stablecoins are digital assets that aim to keep a stable value, often pegged to a fiat currency such as the US dollar.

Why it matters

By providing credit linked to USDT, Tether hopes to expand the stablecoin’s role beyond simple payments, potentially encouraging more businesses and investors to hold and use it.

Sources

• Financial Times Crypto