Tether Bets $400 Million on Stablecoin Private Credit With New StableFund

Tether is putting $400 million behind stablecoin private credit, teaming up with Fasanara Capital to launch a new fund designed to push capital into lending markets around the world.Called StableFund, the vehicle will initially be backed by $400 million from the two firms. They also plan to raise as much as $3 billion more from institutional investors, according to a Wednesday announcement.The structure is less about trading crypto and more about using stablecoin infrastructure to make tradition