Aave Labs has acquired Stable Finance, a San Francisco-based fintech company focused on stablecoin savings, in a move to strengthen its lineup of consumer-oriented decentralized finance products. The acquisition brings Stable Finance’s engineering team and its founder, Mario Baxter Cabrera, into Aave Labs, where Cabrera will serve as Director of Product.
The acquisition marks Aave Labs’ latest effort to expand beyond its existing decentralized finance infrastructure toward products that make on-chain financial tools more accessible to everyday users. The terms of the deal were not disclosed.
Integration and Leadership Changes
Under the agreement, Stable Finance’s technology will be integrated into upcoming Aave Labs offerings. The company’s existing Stable app — which allowed users to earn interest on stablecoins deposited from bank accounts, debit cards, or crypto wallets — will be phased out. Aave Labs plans to build on the app’s functionality to develop future consumer-facing products.
Cabrera said the partnership would help the team scale their work and contribute to user-focused financial innovation. “Aave Labs has been at the forefront of decentralized finance, and we’re thrilled to join a team with such a strong track record of innovation and execution,” he said.
Aave Labs founder Stani Kulechov said the acquisition aligns with the company’s goal of expanding on-chain finance to a wider audience. “We believe the future of finance is on-chain,” he said. “Mario and the Stable team have built technology that will accelerate our consumer roadmap and extend the Aave protocol to new users.”
Aave Labs’ Broader Strategy
Since its founding, Aave Labs has been a key player in decentralized finance, known for its protocol that enables lending, borrowing, and earning interest on digital assets. The company also operates Aave.com, a primary user interface for accessing its services. Earlier this year, Aave Labs introduced Horizon, an institutional-grade product designed to provide secure, large-scale access to decentralized finance. Horizon has since grown to more than $300 million in deposits.
With Stable Finance now part of its operations, Aave Labs is expected to continue developing both institutional and consumer products aimed at broadening access to on-chain financial tools. The move comes amid growing global demand for stable-value savings options, as the total supply of stablecoins surpasses $300 billion. The integration of Stable Finance’s technology signals Aave Labs’ continued push to build a bridge between decentralized finance infrastructure and everyday financial use cases.
