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FollowingCore Highlights
Tether and Fasanara Capital jointly launched StableFund, with an initial capital injection of US$400 million from the two companies.
The private credit fund aims to raise up to US$3 billion from institutional capital sources.
USDT stablecoins will serve as the settlement backbone of international financing business.
Fasanara plans to distribute funds through a fintech lending network in more than 60 countries.
Investment focuses on small and medium-sized enterprise financing and consumer credit markets.
Operating Framework
Tether, the world's leading issuer of the stablecoin USDT, has partnered with London-based investment firm Fasanara Capital to launch StableFund, a private credit initiative. The latest news shows: Tether and Fasanara Capital have launched StableFund, a $400 million anchor private credit fund that will use USDT to settle commercial and consumer loans through fintech platforms in more than 60 countries.
The two institutions have committed a total of US$400 million as seed capital, while seeking an additional US$3 billion in external institutional support.
Fasanara will assume management responsibilities for the fund, directing resources through its existing FinTech Lending Partnership. Priority areas include short-term, secured financing for small and medium-sized enterprises and individual borrowers.
The initiative will operate in more than 60 jurisdictions around the world. Target loan categories include trade receivables and supply chain financing solutions.
Tether's contribution is to identify financing opportunities that integrate USDT and provide the stablecoin technology needed to achieve seamless international capital transfers. This includes facilitating conversion between fiat currencies and digital dollar equivalents.
USDT will serve as an underlying settlement mechanism, allowing funds to flexibly switch between blockchain-based systems and traditional financial systems.
Tether's expanding portfolio
In the second quarter of this year, Tether recorded net operating income of approximately US$1.5 billion, mainly due to holdings of U.S. Treasuries and repurchase agreements. As of the end of June, the company disclosed total assets of $187.8 billion and a reserve buffer of $4.11 billion.
With its market value reaching US$145 billion, USDT has maintained its position as the world's leading stablecoin, accounting for more than half of the market share of the US$300 billion stablecoin sector. This token is particularly widely adopted in developing China markets.
Tether has been strategically investing earnings into diversified investment opportunities beyond its main stablecoin operations.
Recent deployments include a US$20 million stake in Argentine digital banking platform Ualá, ownership positions in Mercado Bitcoin and Italian football club Juventus, and a US$50 million investment round led in March this year for artificial intelligence sleep technology company Eight Sleep.
Fasanara currently manages more than US$6 billion in assets and focuses on private credit financing through digital lending platforms.
Tether CEO Paolo Ardoino emphasized that the fund leverages the company's core competencies. "Through this fund, Tether is playing the role it does best, which is to find USDT-related financing opportunities and provide stablecoin infrastructure that supports seamless cross-border lending," he said.
StableFund operates under a perpetual structure, which means it has no predetermined expiration date and retains the flexibility to accept continuous capital injections.
