Stablecoin issuer Tether is expanding into the realm of private credit.
The company behind USDT coin (CRYPTO: $USDT) is partnering with British ******* et manager Fasanara Capital and putting $400 million U.S. into a fund that plans to use its stablecoin to move money globally.
Specifically, Tether and Fasanara Capital are joining forces to support StableFund, a private credit vehicle that aims to raise as much as $3 billion U.S. from institutional investors.
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#stablecoin #credit
The company behind USDT coin (CRYPTO: $USDT) is partnering with British ******* et manager Fasanara Capital and putting $400 million U.S. into a fund that plans to use its stablecoin to move money globally.
Specifically, Tether and Fasanara Capital are joining forces to support StableFund, a private credit vehicle that aims to raise as much as $3 billion U.S. from institutional investors.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#stablecoin #credit
22 hours ago
