Tether is pushing USDT into a cracking $3 trillion Wall Street debt machine as defaults hit five-year highs at major funds
Tether is pushing USDT into the private-credit market as defaults and withdrawals pressure the $3 trillion trade. On Sept. 9, the stablecoin issuer and London-based Fasanara Capital launched StableFund with $400 million in mixed sponsor capital and plans to lift as much as $3 billion extra from institutional traders. Fasanara will handle the portfolio, whereas…
