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Tether and Fasanara Capital have launched a private credit fund backed by $400 million from the two firms that aims to raise as much as $3 billion from institutional investors.
The evergreen fund, called StableFund, will use Tether’s USDT (USDt) as settlement infrastructure for short-duration, asset-backed lending to businesses and consumers through fintech platforms in more than 60 countries, the companies <a href="https://tether.io/news/tether-and-fasanara-capital-launch-400-million-private-credit-fund-to-expand-stablecoin-enabled-real-economy-lending/" rel="noopener noreferrer nofollow">said</a> Wednesday.
Fasanara will manage the fund’s investments, while Tether will source USDT-linked financing opportunities and provide the infrastructure for moving funds on- and offchain. The fund will focus on small and medium-sized businesses and consumer lending, including trade receivables and supply chain finance.
Fasanara, a London-based asset manager with more than $6 billion under management, will deploy the capital through its network of fintech lenders.
Tether has emerged as one of the crypto industry’s most profitable companies, generating about $1.5 billion in net operating <a href="https://tether.io/news/tether-posts-strong-q2-performance-generates-1-5b-net-operating-profit-maintains-4-11b-reserve-buffer-and-expands-gold-holdings-to-more-than-146-tons/" rel="noopener noreferrer nofollow">profit</a> in the second quarter, largely from its US Treasury and repo holdings. The USDT issuer reported $187.8 billion in assets and a $4.11 billion reserve buffer at the end of June.
The company has increasingly deployed that capital beyond its core stablecoin business, including a $20 million investment in <a href="https%2525253A%2525252Fhttps%2525253A%2525252F%2525252Fcointelegraph.com%2525252Fnews%2525252Ftether-invests-20m-argentine-neobank-uala" rel="noopener noreferrer">Argentine neobank Ualá</a> and investments in <a href="https://cointelegraph.com/news/tether-invests-20m-in-mercado-bitcoin-to-expand-tokenized-finance-in-latin-america" rel="noopener noreferrer nofollow">Mercado Bitcoin</a> and Italian football club Juventus. Tether also led a <a href="https://cointelegraph.com/news/tether-invests-in-1-5b-ai-sleep-tracking-firm" rel="noopener noreferrer nofollow">$50 million funding round</a> for AI sleep technology company Eight Sleep in March.<img src="https://s3-images.ctmedia.io/media/content/2026/09/01M23AD617SXRRHK4TG41KGRSD/screenshot-2026-09-09-at-85019-am.png" alt="" width="2270" height="500">
Top five stablecoins by market cap. Source: <a href="https://defillama.com/stablecoins" rel="noopener noreferrer nofollow">DefiLlama</a>

Tether, Fasanara launch $400M private credit fund targeting $3B

Cointelegraph

Other articles published on Sep 9, 2026

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