Tether and Fasanara Capital announced on September 9, 2026, the launch of StableFund, a jointly sponsored evergreen private credit fund anchored by a combined $400 million commitment from the two firms. The vehicle aims to attract up to $3 billion in additional capital from third-party institutional investors.

The fund will channel capital into short-duration, asset-backed loans distributed through fintech platforms operating in more than 60 countries. Its primary focus is financing for small and medium-sized businesses and consumers, including areas such as trade receivables and supply chain finance.

Roles of the Partners

London-based Fasanara Capital, which manages more than $6 billion in assets, will serve as investment manager. It will deploy capital through its established global network of fintech lenders specializing in technology-enabled private credit strategies.

Tether will act as co-sponsor, originator and advisor. The company will identify financing opportunities linked to its USDT stablecoin and supply the settlement infrastructure required for moving capital across borders. This includes on- and off-ramp connectivity and treasury rail integration to convert between traditional currencies and digital dollars more efficiently than conventional systems.

Fasanara Capital CEO Francesco Filia stated that the partnership improves the deployment of capital into real-economy lending markets and supports more efficient cross-border credit flows.

Market Context and Tether’s Expansion

The initiative arrives as the global private credit market stands at approximately $3 trillion and is projected to reach $5 trillion by 2029. Small and medium-sized enterprises face an estimated financing gap of $5.7 trillion worldwide, a segment often underserved by traditional banking channels.

StableFund embeds USDT into lending flows for businesses and consumers. Tether, whose USDT token holds a market capitalization of about $145 billion and accounts for more than half of the roughly $300 billion global stablecoin market, has generated substantial profits from U.S. Treasury holdings and other reserves supporting the token.

The company has directed capital into sectors beyond its core stablecoin operations, including payments, artificial intelligence, telecommunications and other strategic investments. The new fund extends that diversification into private credit markets by linking stablecoin settlement rails with real-world lending.

StableFund operates on an evergreen structure, allowing capital to be recycled as short-term loans mature rather than being locked into a fixed investment period. The partners position the vehicle as a bridge between institutional capital and demand for financing in emerging and developed markets where digital dollars already see significant use for payments, savings and transfers.