Tether and Fasanara Capital have launched StableFund, a jointly sponsored private credit vehicle designed to expand stablecoin-enabled private credit lending to businesses through fintech channels. The evergreen fund is backed by $400 million in co-investment from the two sponsors and aims to attract up to $3 billion in third-party institutional capital.
The announcement comes as the global private credit market has grown to approximately $3 trillion and is projected to reach $5 trillion by 2029. Against this backdrop, the new fund seeks to connect institutional investors with lending opportunities in the real economy while leveraging stablecoin infrastructure to support cross-border financing.
How StableFund Combines Private Credit and Stablecoin Infrastructure
StableFund is structured to direct institutional capital toward small and medium-sized enterprises (SMEs), a segment that faces an estimated global financing gap of $5.7 trillion.
Fasanara Capital will serve as investment manager, deploying capital through its global fintech lending network into short-duration, asset-backed credit strategies. The firm operates across more than 60 countries and specializes in technology-enabled private credit and asset-based finance.
Tether will act as co-sponsor, originator, and advisor. Its role includes sourcing USD₮-linked financing opportunities and providing the stablecoin settlement infrastructure needed to support lending activity. This includes on-ramp and off-ramp connectivity as well as treasury rail integration that allows capital to move across borders more efficiently.
The fund embeds USD₮ into SME and consumer lending flows across fintech platforms operating in more than 60 countries. The strategy targets borrowers that have historically had limited access to traditional funding sources.
Expanding Institutional Access to Real-Economy Lending
The launch reflects growing interest in private credit as an alternative asset class and in stablecoin infrastructure as part of broader financial market operations.
According to the companies, the fund is designed to extend the use of digital asset infrastructure beyond trading and payments into lending markets that require faster capital deployment and international reach. The focus remains on short-duration, asset-backed lending opportunities originated through global fintech channels.
Tether stated that the initiative builds on its existing role in cross-border settlement and digital liquidity. By integrating stablecoin-based infrastructure with private credit strategies, the fund aims to support fintech lenders serving businesses and consumers in underserved markets.
Fasanara contributes its underwriting capabilities, lending relationships, and proprietary technology platform. The firm currently manages more than $6 billion in assets and has developed a network that originates financing opportunities across a broad range of markets and credit segments.
The structure has been established as an evergreen investment vehicle, providing flexibility to scale as additional institutional investors participate. As private credit continues to expand globally, StableFund represents a new approach that combines institutional capital, fintech origination networks, and stablecoin settlement infrastructure to support lending activity in the real economy.