Tether launches $400M private credit fund with Fasanara

Tether is expanding into private credit, backing a new fund with $400 million alongside Fasanara Capital. The fund aims to raise up to $3 billion from institutional investors, with USDT used to move capital to lenders across more than 60 countries, extending Tether beyond stablecoins into lending and financing.

• Tether will help source lending opportunities and provide stablecoin payment infrastructure for Fasanara's private credit network.
• The fund targets institutional deployment of USDT across a global lender network.
• No further details on the fund's structure or deployment timeline were disclosed.