Tether and Fasanara Capital launch $400 million private equity credit fund StableFund

Tether and Fasanara Capital have jointly launched a $400 million private equity credit fund, StableFund, with the goal of attracting third-party institutional capital up to $3 billion. The fund provides short-term, asset-backed credit financing to small and medium-sized enterprises in over 60 countries worldwide, while Tether offers USDT settlement infrastructure and financing opportunities, with Fasanara serving as the investment manager. Tether CEO Paul Adorno stated that USDT aims to become a 24/7, frictionless global currency, and the fund transforms Tether's financing network into a direct capital channel flowing to businesses and communities.