Tether backs $400 million private credit fund targeting SMEs

Tether and Fasanara Capital have launched StableFund, an evergreen private credit vehicle with $400 million in combined sponsor co-investment and a target of up to $3 billion from institutional investors.

The fund will direct capital toward short-duration, asset-backed lending for small and medium-sized businesses facing a global financing gap estimated at $5.7 trillion.

Fasanara will manage investments through its fintech lending network spanning more than 60 countries, while Tether will serve as co-sponsor, Originator and Advisor.

Tether will source USDT-linked lending opportunities and provide the stablecoin settlement infrastructure needed for cross-border capital movement, including on/off-ramps and treasury rails.

The fund marks an expansion of Tether’s role beyond trading and payments into private credit and real-economy financing.

StableFund is designed to combine Tether’s stablecoin infrastructure with Fasanara’s underwriting and lending platform to support more efficient global credit flows.