Tether and Fasanara Capital Launch $400 Million Private Credit Fund

TechFlow reports that on September 9, Tether announced the joint launch of the private credit fund StableFund with technology-focused private credit asset manager Fasanara Capital. Co-initiated by both parties, the fund is currently backed by $400 million in anchored investments from the two institutions and plans to attract up to $3 billion in third-party institutional capital.

The fund will focus on providing short-term, asset-backed credit to small and medium-sized enterprises. Fasanara Capital will serve as the investment manager, conducting asset allocation through a fintech lending network covering more than 60 countries. Tether will act as co-initiator, originator, and advisor, responsible for sourcing USD₮-pegged financing opportunities and providing stablecoin settlement, deposit and withdrawal, and treasury management infrastructure.