Tether and Fasanara Capital announced the launch of StableFund on September 9, 2026, an evergreen private credit fund anchored by a $400 million co-investment from both sponsors.
The vehicle aims to raise up to $3 billion in third-party institutional capital and deploy it through Fasanara’s global fintech lending network in short-duration, asset-backed credit strategies. It will operate in more than 60 countries, targeting SMEs and consumers that traditional financing channels have historically underserved. The initiative responds to a private credit market that already exceeds $3 trillion and is projected to reach $5 trillion by 2029, with an estimated $5.7 trillion financing gap facing SMEs worldwide.
Under the structure, Fasanara Capital acts as investment manager, while Tether serves as co-sponsor, originator and advisor, using USDT for cross-border credit settlement, on- and off-ramp connectivity and treasury rail integration. Tether CEO Paolo Ardoino said the fund turns Tether’s origination network into a direct channel for capital to reach underserved communities. Fasanara CEO Francesco Filia added that the stablecoin network will extend credit reach beyond conventional financing structures. The move deepens Tether’s expansion from payments and trading into real credit markets.
