Stablecoins

Tether and Fasanara Capital have launched StableFund, a $400 million private credit fund structured to raise up to $3 billion from institutional investors. The fund will deploy capital into short-duration, asset-backed lending via fintech platforms in over 60 countries, with Tether providing USDT settlement infrastructure and Fasanara serving as investment manager.

Circle has signed an agreement to acquire Singapore-based cross-border payments platform Tazapay in a $400 million all-stock deal, aiming to enhance USDC’s global payments infrastructure, with closing expected in 2027 pending regulatory approval.