Tether Enters Private Credit Space With Fasanara Partnership

Tether has expanded into the private credit market through a strategic partnership with London-based asset manager Fasanara Capital. The two companies have launched StableFund, an evergreen private debt vehicle backed by an initial $400 million co-investment from the sponsors, with plans to attract up to $3 billion in institutional capital over time.

The fund is focused on financing small and medium-sized enterprises in fast-growing emerging markets, where access to credit remains limited. StableFund is expected to integrate Tether’s USD stablecoin infrastructure into lending platforms operating across more than 60 countries, supporting automated funding for SME and consumer loans. By using stablecoin-based dollar liquidity, local lenders may be able to access capital more quickly and with less dependence on traditional correspondent banking channels.