Key Takeaways
- • Tether and Fasanara Capital have committed $400 million to StableFund, a new private credit fund that will deploy capital through Fasanara's global fintech lending network.
- • The sponsors plan to raise up to $3 billion more from third-party institutional investors, according to a Wednesday statement.
- • Fasanara, based in London with over $6 billion in AUM, will serve as investment manager, focusing on short-duration, asset-backed credit strategies.
- • Tether will act as originator and advisor, sourcing financing linked to USDT and providing stablecoin settlement infrastructure including on- and off-ramps and treasury rails.
- • StableFund will embed USDT into SME and consumer lending flows across fintech platforms operating in more than 60 countries.
Summary
Tether and Fasanara Capital have committed $400 million to StableFund, a new private credit fund, according to a statement released on Wednesday. The two firms are jointly sponsoring the vehicle and plan to seek up to $3 billion in additional capital from third-party institutional investors.
Fasanara will serve as investment manager, deploying capital into short-duration, asset-backed credit strategies through its global fintech lending network. London-based Fasanara reports more than $6 billion in assets under management, with exposure to SME loans, consumer credit, trade receivables, and supply chain finance.
Tether's role is that of originator and advisor. The company will source financing opportunities linked to its USDT stablecoin and provide the fund's settlement infrastructure, including on- and off-ramp connections and treasury rails. The firms say this structure will allow capital to move across borders more efficiently than traditional systems.
The structure embeds USDT into SME and consumer lending flows across fintech platforms operating in more than 60 countries. Tether CEO Paolo Ardoino said the company is turning its origination network into a direct channel for capital to reach businesses and communities. Fasanara CEO Francesco Filia said the partnership aims to improve how capital is deployed into real-economy lending markets and to enable more efficient cross-border credit flows.
Fasanara will serve as investment manager, deploying capital into short-duration, asset-backed credit strategies through its global fintech lending network. London-based Fasanara reports more than $6 billion in assets under management, with exposure to SME loans, consumer credit, trade receivables, and supply chain finance.
Tether's role is that of originator and advisor. The company will source financing opportunities linked to its USDT stablecoin and provide the fund's settlement infrastructure, including on- and off-ramp connections and treasury rails. The firms say this structure will allow capital to move across borders more efficiently than traditional systems.
The structure embeds USDT into SME and consumer lending flows across fintech platforms operating in more than 60 countries. Tether CEO Paolo Ardoino said the company is turning its origination network into a direct channel for capital to reach businesses and communities. Fasanara CEO Francesco Filia said the partnership aims to improve how capital is deployed into real-economy lending markets and to enable more efficient cross-border credit flows.
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.