Tether, the issuer of the world’s largest stablecoin, USDT, has launched StableFund, a private credit investment fund, in partnership with the asset management firm Fasanara Capital, according to Fixygen.
The fund’s initial capital amounts to $400 million, provided by Tether and Fasanara. Going forward, the partners intend to raise up to $3 billion in institutional capital from third-party investors.
StableFund will provide loans primarily to small and medium-sized enterprises that face difficulties in securing bank financing. According to the project organizers’ estimates, the global funding gap for small and medium-sized businesses amounts to approximately $5.7 trillion.
Tether and Fasanara estimate the global private credit market itself at roughly $3 trillion, and it could grow to $5 trillion by 2029.
A key feature of the project is the use of stablecoin infrastructure to finance companies in the real economy. This means that USDT is gradually moving far beyond its traditional role as a settlement instrument for crypto exchanges.
For Tether, this marks a continuation of its business diversification. The company is already investing in government bonds, gold, Bitcoin, energy projects, artificial intelligence, and telecommunications.
The launch of StableFund demonstrates a new market trend: the largest stablecoin issuers are beginning to transform from infrastructure companies in the crypto sector into full-fledged financial intermediaries.
For USDT itself, this also potentially creates an additional source of real demand—the use of the stablecoin not only for crypto trading and international money transfers, but also for business lending.
