ChainThink news, September 9: According to an official announcement, Tether has jointly launched a private credit fund called StableFund with Fasanara Capital, a technology-driven private credit asset management firm.

The fund is co-initiated by both parties and currently backed by a combined $400 million in anchored capital from the two institutions, with plans to further attract up to $3 billion in third-party institutional capital. The fund will focus on providing short-term, asset-backed credit facilities to small and medium-sized enterprises (SMEs).

Fasanara Capital serves as the investment manager, allocating assets through its fintech lending network spanning over 60 countries;

Tether acts as co-initiator, asset originator, and advisor, responsible for identifying financing opportunities linked to USD₮, and providing stablecoin settlement, capital inflow/outflow, and treasury management infrastructure.