Aave Labs has acquired Stable Finance, a startup focused on building yield and custody solutions for stablecoins. The deal aims to advance consumer-oriented products and expand the company’s decentralized finance ecosystem.
Aave Labs founder Stani Kulechov said that the acquisition aligns with the company’s long-term vision of integrating on-chain finance into the everyday economy.
Aave Labs is the developer of the Aave protocol and its broader product ecosystem, which forms one of the largest segments in decentralized finance. The company serves millions of users and builds infrastructure for digital asset operations.
Stable Finance developed an iOS mobile app called Stable, which allows users to store digital dollars and earn yield on stablecoins.
Stable Finance founder Mario Baxter Cabrera will join Aave Labs as Chief Product Officer, while his team will integrate into the company’s development division.
Aave’s Plans After the Merger
According to the company’s roadmap, simple interfaces and intuitive user experiences are expected to become the foundation for the mass adoption of on-chain finance. In its press release, Aave Labs emphasized that the growing interest in stable asset storage solutions supports this trend, noting that the total market capitalization of stablecoins now exceeds $300B.
The company continues to expand its product line, including the development of its native stablecoin GHO and the launch of the new Aave V4 protocol. The existing Stable app will be gradually discontinued, while its technology and user interface will be integrated into upcoming Aave products.
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