Tether and Fasanara Capital Launch $400 Million Private Credit Fund StableFund
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StableFund aims to attract $3 billion in third-party institutional capital to provide short-term, asset-backed credit financing to small and medium-sized enterprises in over 60 countries worldwide. Tether will provide the USDT settlement infrastructure and financing opportunities, while Fasanara Capital will serve as the investment manager. Tether CEO Paolo Ardoino stated that USDT is designed to be a frictionless global currency available around the clock, and StableFund will transform Tether's financing network into a direct capital channel for businesses and communities.
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