Current outcome
Tether and Fasanara Capital have launched a $400 million private credit fund, StableFund, targeting up to $3 billion, for asset-backed lending in over 60 countries, using USDT as settlement infrastructure, focusing on SME and consumer lending.
Progress timeline
2 material updates- #01
- #02
Tether, Fasanara launch $400M private credit fund targeting $3B
The fund aims to raise up to $3 billion from institutional investors, named StableFund, structured as an evergreen fund, with Fasanara managing investments and Tether providing USDT settlement infrastructure and sourcing financing opportunities, focusing on SME and consumer lending including trade receivables and supply chain finance.
State after update: Tether and Fasanara Capital have launched a $400 million private credit fund, StableFund, targeting up to $3 billion, for asset-backed lending in over 60 countries, using USDT as settlement infrastructure, focusing on SME and consumer lending.
Source evidence: Cointelegraph · The Block