Tether and Fasanara Launch $400M Private Credit Fund Targeting $3B

Tether and Fasanara Capital have launched a $400 million evergreen private credit fund designed to expand asset-backed lending through fintech platforms, according to Cointelegraph. The fund aims to scale to $3 billion and will use infrastructure built around Tether’s USDT stablecoin. Its lending strategy is intended to support fintech platforms operating across more than 60 countries. The initiative links USDT-based infrastructure with private credit markets, focusing on financing backed by underlying assets rather than unsecured lending. The fund’s evergreen structure is designed to remain active as capital is deployed and recycled, although no further details on its investment terms or portfolio were provided. USDT is among the crypto assets associated with the announcement, while the fund’s lending activity is expected to take place through fintech channels globally.