Aave Labs has acquired Stable Finance, a San Francisco-based fintech company. This acquisition will help Aave Labs develop more consumer-focused products for decentralized finance (DeFi).
As part of the acquisition, Stable Finance founder Mario Baxter Cabrera will become Aave Labs' Director of Product. The entire Stable Finance engineering team will also join Aave Labs.
For years, Aave Labs has helped set the standard for decentralized finance by building resilient, scalable infrastructure used by millions, as well as Aave.com, a popular interface for Aave users. The company is now entering its next phase, building on its experience in DeFi to deliver resilient institutional products like Horizon (launched in August 2025 and now exceeding over $300 million in deposits), alongside accessible consumer products, broadening access to onchain finance for both individuals and institutions.
“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 created the Stable app, a free iOS application that simplifies stablecoin savings. The app allows users to easily deposit funds from bank accounts, debit cards, or crypto. It helps users earn interest on their digital dollars without the volatility of other cryptocurrencies. By making it easier to access low-volatility, onchain yield, Stable Finance demonstrated a strong market for stablecoin savings products.
“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 Mario Baxter Cabrera, founder of Stable Finance. “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 Stable Finance team will continue to develop consumer savings apps at Aave Labs. The existing Stable app will be phased out, and its technology will be used in future Aave Labs products.
The total supply of stablecoins now exceeds $300 billion, and the demand for stable-value savings tools continues to grow. This makes intuitive, consumer-focused products more important than ever.
About Aave Labs
Aave Labs is shaping the next generation of global, onchain finance. The company builds trusted products that individuals, enterprises, and institutions rely on, processing billions of dollars in transactions securely and around the clock. Founded by Stani Kulechov, original author of ETHLend (2017) and the Aave Protocol (2020), Aave Labs continues to drive major upgrades to Aave, including the upcoming V4 release. Known for innovations such as Aave’s over-collateralized stablecoin GHO and the fast-growing institutional platform Horizon, Aave Labs is dedicated to creating a more open, transparent, and accessible global financial system for individuals and institutions.
About Stable Finance
Stable Finance is a pioneer in consumer-friendly stablecoin savings applications, making it easy for everyday people to use safe onchain savings with rates significantly higher than the top savings accounts. Previously too complicated to access for most retail investors, Stable specializes in abstracting away the complexities of stablecoin yield into a one-click experience. Founded by Mario Baxter Cabrera, Stable is the only consumer-friendly platform enabling access to the top stablecoin yield strategies on multiple blockchain networks.