TL;DR
- Tether and Fasanara Capital launched StableFund, a private credit fund anchored by $400 million in co-investment between both firms.
- The vehicle aims to raise up to $3 billion in third-party institutional capital to finance SMEs facing an estimated $5.7 trillion financing gap.
- The fund operates in more than 60 countries and uses USDT infrastructure to settle cross-border credit transactions with greater speed and efficiency.
Tether and Fasanara Capital announced the launch of StableFund, an evergreen private credit fund designed to channel institutional capital toward small and medium-sized enterprises through international fintech platforms.
The vehicle is anchored by $400 million in co-investment from both sponsors and aims to raise up to $3 billion in additional third-party capital.
The initiative responds to the growth of the private credit market, which already exceeds $3 trillion and is projected to reach $5 trillion by 2029. The financing gap faced by SMEs worldwide is estimated at $5.7 trillion, a segment historically overlooked by conventional financing channels.
Tether: A Bridge Between Institutional Capital and the Real Economy
Under the fund’s structure, Fasanara Capital will act as investment manager, deploying capital through its global fintech lending network in short-duration, asset-backed credit strategies. Tether, for its part, will serve as co-sponsor, originator and advisor, identifying financing opportunities linked to USDT and providing the stablecoin settlement infrastructure, including on- and off-ramp connectivity and treasury rail integration.
The structure embeds USDT into SME and consumer credit flows across more than 60 countries, prioritizing borrowers that traditional channels have been unable to serve. Paolo Ardoino, CEO of Tether, noted that the fund turns the company’s origination network into a direct channel for capital to reach the communities that need it most.
Francesco Filia, CEO of Fasanara Capital, highlighted that the world’s largest stablecoin network will extend the reach of credit beyond what any conventional financing structure can achieve.
Tether continues to move away from its traditional role in payment systems and trading, seeking active participation in real credit markets, where settlement speed and cross-border reach become determining factors for capital efficiency.
