stablefund

StableFund de USDT would create a regulatory maze to operate in Mexico

Without a legal framework for credit denominated in stablecoins, operating in Mexico requires a rigorous analysis of each model.

A lawyer warns that local regulation may apply even if the fund operates from abroad.

Banxico requires strict licenses, but the Senate is pushing a rule for stablecoins.

On September 9, Tether and Fasanara Capital announced the launch of StableFund, a private credit fund backed by an initial capital of $400 million and a target to raise up to $3,000 million.

The initiative seeks to finance small and mid-sized businesses across more than 60 countries using the stablecoin it issues, USDT, as the primary settlement infrastructure.

The official statement promises to inject capital into “the companies and communities that need it most,” but it avoids specifying which jurisdictions have been selected for deployment.

Asked by CriptoNoticias about its specific plans for the Mexican market, Fasanara declined to provide details. “For compliance reasons, Fasanara does not provide any comment beyond what is contained in the press release,” the London-based firm replied.

This lack of transparency is not a communication oversight. It is the first visible sign of the complex regulatory path the USDT fund would have to take in order to invest capital in Mexico.

Fasanara is not an unfamiliar player in Mexico’s financial ecosystem, as reported by CriptoNoticias. The asset manager, which oversees roughly $6 billion in assets, provided the debt line for a $125 million round by the Mexican fintech Kapital just a few days before the StableFund announcement.

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