Aave Labs Acquires Stable Finance to Expand Consumer DeFi Products

Aave Labs has acquired Stable Finance, a San Francisco-based fintech company, as the decentralized finance infrastructure developer pushes deeper into consumer-focused products alongside its institutional offerings.

Stable Finance founder Mario Baxter Cabrera will join Aave Labs as director of product, with the entire engineering team also joining the organization. The existing Stable app will be phased out, with its technology integrated into future Aave Labs products, Aave said in an announcement on its blog on Thursday.

"We believe the future of finance is onchain, and this acquisition reinforces our commitment to turning onchain finance into everyday finance – earning interest, borrowing, and saving," said Stani Kulechov, founder of Aave Labs. "Mario and the Stable team have built unique technology supporting a seamless user experience that will help accelerate our consumer roadmap and extend the Aave protocol to new users."

Stable Finance developed a free iOS application simplifying stablecoin savings, allowing users to deposit funds from bank accounts, debit cards, or crypto wallets to earn interest on digital dollars without cryptocurrency volatility. The product demonstrated market demand for accessible stablecoin yield products.

The acquisition supports Aave Labs' strategy to build both institutional and retail products. The company launched Horizon in August 2025, an institutional offering that has accumulated over $300 million in deposits.

"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," said Cabrera. "By bringing our consumer product expertise and focus on stablecoin savings to Aave Labs, we can scale faster and contribute meaningfully to the next wave of user-focused financial innovation."

The deal comes as total stablecoin supply exceeds $300 billion, creating growing demand for intuitive savings products that provide stable-value yields. Aave Labs characterized consumer-focused products as increasingly critical given the expanding stablecoin market.

The Stable Finance team will continue developing consumer savings applications at Aave Labs, building on years of experience establishing decentralized finance infrastructure used by millions of users.

Financial terms of the acquisition were not disclosed.