Tether, Fasanara launch $400M private credit fund targeting $3B
The evergreen fund will use USDT infrastructure to support asset-backed lending through fintech platforms in more than 60 countries.
Tether and Fasanara Capital have joined forces to launch a $400 million private credit fund, known as StableFund, with the ambitious goal of raising up to $3 billion from institutional investors. The evergreen fund aims to leverage Tether's USDT infrastructure to support asset-backed lending through fintech platforms across more than 60 countries.
Fasanara Capital, a London-based asset manager with over $6 billion in assets under management, will be responsible for managing the fund's investments, while Tether will source USDT-linked financing opportunities and provide the necessary infrastructure for moving funds on- and offchain. The focus of StableFund will be on small and medium-sized businesses and consumer lending, encompassing trade receivables and supply chain finance.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
