Key Highlights
- StableFund emerges as a collaborative venture between Tether and Fasanara Capital, backed by an initial $400 million commitment
- The initiative seeks to secure up to $3 billion in funding from institutional capital sources
- USDT stablecoin serves as the foundational settlement mechanism for international lending operations
- Capital deployment will reach businesses and consumers through fintech networks spanning over 60 nations
- Primary lending focus includes SMEs and individual borrowers seeking short-term financing
Tether, the issuer behind the world’s leading stablecoin USDT, has entered into a strategic alliance with Fasanara Capital, a London-headquartered investment management firm, to introduce StableFundāa novel private credit investment vehicle.
Both organizations are providing an initial capital commitment of $400 million combined, with ambitions to scale the fund to $3 billion through contributions from institutional investors worldwide.
Operational Framework
Fasanara Capital assumes management responsibilities for the fund, channeling capital through its established network of financial technology lending platforms. The investment strategy emphasizes short-duration, collateralized loans directed toward small-to-medium enterprises and individual consumers.
StableFund’s geographic reach extends across more than 60 jurisdictions globally. Target lending segments encompass trade receivables financing and supply chain credit solutions.
Tether’s contribution centers on identifying USDT-based financing prospects and delivering the stablecoin technology framework required for international capital transfers. This encompasses facilitating conversions between fiat currencies and digital dollar equivalents.
The USDT stablecoin functions as the underlying settlement infrastructure, enabling the fund to transition seamlessly between blockchain-based and traditional financial systems.
Tether’s Growing Investment Portfolio
During the second quarter of this year, Tether recorded approximately $1.5 billion in net operating income, predominantly derived from its holdings in U.S. Treasuries and repurchase agreements. The company disclosed total assets of $187.8 billion and maintained a reserve cushion of $4.11 billion as of the end of June.
With a market capitalization of $145 billion, USDT dominates the stablecoin sector as the largest digital dollar by circulation, representing over half of the entire $300 billion stablecoin marketplace. The token enjoys particularly strong adoption throughout developing markets.
Beyond its primary stablecoin operations, Tether has been actively diversifying its investment portfolio with its substantial profits.
Notable recent investments comprise a $20 million stake in UalĆ”, an Argentine digital banking platform, equity positions in Brazil’s Mercado Bitcoin and Italian Serie A football club Juventus, plus spearheading a $50 million investment round for Eight Sleep, an artificial intelligence-powered sleep technology startup, this past March.
Fasanara Capital currently oversees more than $6 billion in assets under management, with particular expertise in private credit arrangements facilitated through fintech channels.
According to Tether CEO Paolo Ardoino, the fund capitalizes on the company’s core competencies. “Through this fund, Tether is playing the role it is best positioned to play, sourcing USDT-linked financing opportunities and providing the stablecoin infrastructure that enables seamless cross-border lending,” he stated.
StableFund operates as an evergreen fund structure, meaning it maintains no predetermined termination date and can accept capital contributions on an ongoing basis.
The partnership was officially announced on Wednesday, September 9, 2026.
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