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 launched a private credit fund backed by $400 million from the two firms that aims to raise as much as $3 billion from institutional investors.

The evergreen fund, called StableFund, will use Tether’s USDT (USDt) as settlement infrastructure for short-duration, asset-backed lending to businesses and consumers through fintech platforms in more than 60 countries, the companies said Wednesday.

Fasanara will manage the fund’s investments, while Tether will source USDT-linked financing opportunities and provide the infrastructure for moving funds on- and offchain. The fund will focus on small and medium-sized businesses and consumer lending, including trade receivables and supply chain finance.

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Source: https://cointelegraph.com/news/tether-fasanara-launch-400m-private-credit-fund-targeting-3b?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound