Aave Labs Acquires Stable Finance to Bring Onchain Savings to the Mainstream

San Francisco — Aave Labs has announced the acquisition of Stable Finance, a San Francisco-based fintech startup known for building intuitive onchain savings experiences. The move marks Aave Labs’ latest step toward merging decentralized finance (DeFi) with everyday consumer banking.

The acquisition brings Stable Finance founder Mario Baxter Cabrera on board as Director of Product, alongside the company’s entire engineering team. Their expertise will be fully integrated into Aave Labs’ consumer division, accelerating the development of user-friendly products designed for mass adoption.

“We believe the future of finance is onchain. This acquisition reinforces our mission to make earning, borrowing, and saving as seamless onchain as they are in traditional finance. Mario and his team have built elegant technology that fits perfectly with our consumer roadmap.”

Stani Kulechov, Founder of Aave Labs

From Stable to Scalable

Founded in 2023, Stable Finance created the Stable App — a mobile platform for earning yield on stablecoins through a familiar interface and instant deposits from bank accounts, debit cards, or crypto wallets. The app gained traction among professionals at top tech firms by abstracting the complexity of DeFi into a one-click savings experience.

“Joining Aave Labs allows us to scale faster and help shape the next wave of consumer-focused financial innovation. We’re excited to bring simple, secure stablecoin savings to millions of new users.”

Mario Baxter Cabrera, Founder of Stable Finance

While the Stable app will gradually sunset, its technology and team will continue developing new Aave Labs products aimed at retail users.

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Aave’s Expanding Consumer Vision

Aave Labs, founded by Stani Kulechov, has built a reputation for pioneering secure, scalable DeFi infrastructure — from the Aave Protocol and its overcollateralized stablecoin GHO, to the Horizon platform, which surpassed $300 million in deposits since launching in August.

With stablecoins surpassing $300 billion in global supply, Aave Labs sees immense opportunity in bridging institutional-grade yield with intuitive consumer access. The Stable Finance acquisition follows previous talent-driven expansions including Sonar (2022) and Family (2023), underscoring Aave’s long-term strategy to make DeFi usable for everyone.