Oksana Koneva

Tether and Fasanara launch $400 million credit fund with USDT settlements

Tether and Fasanara launch $400 million credit fund with USDT settlements
Tether and Fasanara launch $400M credit fund

​Tether and investment firm Fasanara Capital have launched StableFund with $400 million in initial capital to expand private credit using stablecoins. The partners plan to raise up to an additional $3 billion from third-party institutional investors.

The companies will jointly sponsor StableFund, while Fasanara will manage its investments. The capital will primarily be deployed into short-duration, asset-backed loans through a global network of fintech platforms.

Tether will serve as an adviser to the fund and source financing opportunities linked to USDT. The company will also provide infrastructure for stablecoin settlements and moving capital between the traditional financial system and digital assets.

StableFund to operate in more than 60 countries

The fund plans to use Fasanara's network to provide financing to small and medium-sized businesses and consumers through fintech platforms operating in more than 60 countries.

"We are turning Tether's origination network into a direct channel for capital to flow to the businesses and communities that need it most," Tether CEO Paolo Ardoino said.

Fasanara Capital CEO Francesco Filia said the partnership should make real-economy lending more efficient and facilitate cross-border capital flows.

Fasanara manages more than $6 billion in assets. The London-based firm invests in SME loans, consumer finance, trade receivables and supply chain finance.

StableFund is designed to combine this credit infrastructure with USDT. The stablecoin will be used for settlements and cross-border movement of funds, while the fund's investments will be directed into real-economy credit instruments.

Tether expands beyond stablecoins

The fund's launch continues the expansion of Tether's investment activities. The company is using revenue from its core business to invest across various sectors while also developing infrastructure around USDT.

Recently, Tether-backed Chilean crypto exchange Orionx announced its closure after discovering a shortfall of more than $7 million in customer assets. A forensic audit found that some of the cryptocurrency had been transferred to wallets outside the platform's control.

Tether invested in Orionx in 2025, leading its Series A funding round. The exchange is now focused on returning as much of its customers' assets as possible.

Tether has also faced a lawsuit over the freezing of 42.4 million USDT. The plaintiffs allege that the company froze the funds several months before U.S. authorities obtained a warrant to seize them.

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