Aave Labs Acquires Stable Finance to Expand Consumer-Focused DeFi Offerings

CN
11 hours ago

The terms of the deal were not fully disclosed in the release shared with Bitcoin.com News, but what was revealed is that the entire Stable Finance engineering team, including founder Mario Baxter Cabrera, will join Aave Labs.

Cabrera will assume the role of director of product, overseeing consumer initiatives tied to decentralized finance (DeFi) development. The crew at Aave Labs said the move will accelerate its strategy to make onchain finance accessible to both retail and institutional users.

The company, best known for its DeFi lending protocol and the Aave.com interface, has been expanding into institutional services through its Horizon platform, which Aave disclosed surpassed $300 million in deposits since launching in August 2025.

Stable Finance, founded in 2023, gained attention for its mobile app that simplified stablecoin savings by allowing users to deposit funds from bank accounts, debit cards, or crypto wallets. The app abstracted complex DeFi mechanisms into an easy-to-use interface designed for everyday users, offering yields on stablecoin deposits without exposure to volatility.

“The future of finance is onchain,” said Aave Labs founder Stani Kulechov. “This acquisition reinforces our commitment to turning onchain finance into everyday finance — earning interest, borrowing, and saving.” Cabrera said joining Aave Labs would “scale faster and contribute meaningfully to the next wave of user-focused financial innovation.”

The Stable Finance app will be phased out over time, with its technology and team redirected toward future Aave Labs consumer products. The company’s recent expansion marks its third acquisition, following Sonar in 2022 and Family in 2023, as it strengthens its product design capabilities across the DeFi ecosystem.

Aave Labs’ acquisition comes amid a booming stablecoin market, now exceeding $300 billion in total supply, according to Defillama data. Analysts say the integration of consumer-friendly savings apps could play a key role in bridging traditional finance (TradFi) with onchain ecosystems.

  • What company did Aave Labs acquire?
    Aave Labs acquired San Francisco-based Stable Finance, a fintech focused on stablecoin savings apps.
  • Who founded Stable Finance?
    Stable Finance was founded by Mario Baxter Cabrera in 2023.
  • What will happen to the Stable Finance app?
    The Stable app will be deprecated, with its technology integrated into Aave Labs’ upcoming consumer products.
  • Why did Aave Labs pursue this acquisition?
    Aave Labs aims to expand its DeFi ecosystem with accessible, consumer-focused tools for onchain savings and finance.

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