Tether Partners with Fasanara Capital in $400M Private Credit Fund
Stablecoin issuer Tether has announced a partnership with British asset manager Fasanara Capital to launch StableFund, a private credit vehicle aiming to raise up to $3 billion from institutional investors. The fund will deploy capital into short-term, asset-backed loans via fintech platforms across more than 60 countries. Tether is contributing an initial investment of $400 million and plans to leverage its USDT stablecoin for international money movement, including converting fiat currencies into digital assets. This marks another strategic expansion beyond Tether’s core role as the issuer of one of the largest stablecoins in the market by volume. The initiative reflects broader trends within crypto firms diversifying their offerings into traditional financial services and infrastructure. Both companies are privately held, so there is no public stock impact from this development.
Topics: Fasanara Capital partnership private credit stablecoins Tether expansion