Tether, Fasanara Launch $400 Million Private Credit Fund, Target $3 Billion Raise
JH Kim
Summary
- Stablecoin issuer Tether and asset manager Fasanara Capital have launched a $400 million private credit fund.
- The two companies said they created the $400 million private credit fund for a lending business using stablecoins.
- The fund is targeting a total of $3 billion in capital, and the companies plan to use the money raised to expand their stablecoin lending business.
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Tether and asset manager Fasanara Capital have launched a $400 million private credit fund.
Cointelegraph reported on September 9 that the two companies set up the fund for a lending business using stablecoins.
The fund's initial size is $400 million, and the companies are aiming to secure a total of $3 billion in capital over time.
They plan to use the money raised to expand their stablecoin lending business.
JH Kim
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