**[Aave Labs Acquires San Francisco Fintech Company Stable Finance to Expand Consumer-Grade DeFi Products]** Odaily Planet Daily News: Aave Labs has announced the acquisition of San Francisco-based fintech company Stable Finance to accelerate the development of consumer-focused decentralized finance (DeFi) products. Following the completion of the transaction, Stable Finance founder Mario Baxter Cabrera will assume the role of Product Director at Aave Labs, and its engineering team will fully integrate into Aave Labs. Stable Finance previously launched an iOS application called Stable, which simplified the process of managing stablecoin investments. Users could deposit funds via bank accounts, debit cards, or crypto assets to earn returns with low volatility. Aave Labs stated that the existing Stable app will be gradually phased out, and its technology will be integrated into future Aave Labs products. In recent years, Aave Labs has been continuously improving DeFi infrastructure and the Aave.com platform, while also launching Horizon, an institutional product with over $300 million in deposits. This acquisition is seen as a significant step in entering the next phase of development, aiming to provide more convenient on-chain financial services for both individual and institutional users.