Tether and Fasanara Capital are committing $400 million to a private credit fund that will use USDT for cross-border lending, expanding the stablecoin’s role in institutional finance.
The firms launched StableFund as an evergreen investment vehicle and plan to raise as much as $3 billion from institutional investors. The fund will provide financing across global markets while using USDT to move capital between countries.
Fund Targets Global Borrowers
Fasanara Capital will manage the fund and provide short-term, asset-backed loans through fintech platforms in more than 60 countries. The strategy will target small businesses and consumers that often struggle to access traditional financing.
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Tether will identify lending opportunities involving USDT and support cross-border transfers, linking digital payments with traditional credit markets. Tether Chief Executive Officer Paolo Ardoino said the fund will use the company’s USDT infrastructure to support cross-border lending.
Stablecoin Use Faces Scrutiny
Tether’s expanding role in international payments is also drawing scrutiny over how USDT moves through global markets.
The company recently froze about $39.3 million in USDT across 10 Tron addresses linked to Xinbi Guarantee. Iran has also reportedly allowed exporters to use crypto exchanges for settlements, with traders using Tether alongside Bitcoin to pay for imports.
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