Key Takeaways
- • Tether and Fasanara Capital launched StableFund on September 9, 2026, as an evergreen private credit vehicle anchored by $400 million in combined sponsor co-investment with a $3 billion institutional capital fundraising target.
- • The fund will focus on short-duration, asset-backed credit across SME lending, consumer credit, trade receivables, and supply chain finance in more than 60 countries via fintech platforms.
- • Fasanara Capital will manage the fund's investment portfolio through its fintech lending network, while Tether will serve as an originator and adviser, sourcing USD₮-linked financing opportunities and providing stablecoin settlement infrastructure.
- • StableFund represents Tether's strategic expansion beyond stablecoin issuance into private credit markets, leveraging its USD₮ infrastructure to connect institutional capital with fintech lending activity globally.
Summary
Tether announced the launch of StableFund on September 9, 2026, a new private credit fund developed in partnership with Fasanara Capital. The vehicle is structured as an evergreen fund with $400 million in combined co-investment from both sponsors, positioning it to attract up to $3 billion in additional institutional capital. The $3 billion figure represents a fundraising target rather than capital already committed.
StableFund signals Tether's strategic pivot beyond its core business of stablecoin issuance into the broader private credit market. The fund will leverage Tether's USD₮ infrastructure to connect institutional investors with lending opportunities across fintech platforms operating in more than 60 countries. Rather than directly lending USDT tokens to borrowers, Tether will function as an originator and adviser, sourcing USD₮-linked financing opportunities and providing stablecoin settlement infrastructure for transactions.
Fasanara Capital will serve as the fund's investment manager, deploying capital through its established fintech lending network. The fund's strategy targets short-duration, asset-backed credit products, including SME lending, consumer credit, trade receivables, and supply chain finance. This asset class focus aligns with institutional investor demand for diversified private credit exposure with defined maturity profiles and tangible collateral backing.
The StableFund initiative reflects broader trends in the institutional adoption of stablecoin-based infrastructure for alternative finance and cross-border lending. By anchoring the fund with substantial sponsor capital and pairing Tether's settlement capabilities with Fasanara's lending expertise, the vehicle positions itself to compete in the growing private credit market while maintaining the operational benefits of blockchain-based settlement and USDT liquidity infrastructure.
StableFund signals Tether's strategic pivot beyond its core business of stablecoin issuance into the broader private credit market. The fund will leverage Tether's USD₮ infrastructure to connect institutional investors with lending opportunities across fintech platforms operating in more than 60 countries. Rather than directly lending USDT tokens to borrowers, Tether will function as an originator and adviser, sourcing USD₮-linked financing opportunities and providing stablecoin settlement infrastructure for transactions.
Fasanara Capital will serve as the fund's investment manager, deploying capital through its established fintech lending network. The fund's strategy targets short-duration, asset-backed credit products, including SME lending, consumer credit, trade receivables, and supply chain finance. This asset class focus aligns with institutional investor demand for diversified private credit exposure with defined maturity profiles and tangible collateral backing.
The StableFund initiative reflects broader trends in the institutional adoption of stablecoin-based infrastructure for alternative finance and cross-border lending. By anchoring the fund with substantial sponsor capital and pairing Tether's settlement capabilities with Fasanara's lending expertise, the vehicle positions itself to compete in the growing private credit market while maintaining the operational benefits of blockchain-based settlement and USDT liquidity infrastructure.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.