NEW: Tether is pushing into private credit with Fasanara Capital, backing a new fund with $400 million. The fund aims to raise up to $3 billion from institutional investors, with USDT used to help move capital to lenders across more than 60 countries.

JUST IN: Tether and Fasanara Capital launched a $400 million private credit fund The vehicle is targeting $3 billion in capital for stablecoin-enabled lending