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Aave Labs, the centralized company behind crypto-native lending market Aave, is seeking to further democratize access to onchain finance with its acquisition of Stable, a San Francisco stablecoin startup building intuitive neobanking products for everyday consumers.
What's the Scoop?
- Deal Details : The acquisition brings Stable’s founder, Mario Baxter Cabrera, and his engineering team into Aave Labs, where Cabrera will serve as Director of Product. Additional terms of the acquisition were not disclosed.
- Onchain Savings: Stable stands out for a sleek mobile interface that allows users to deposit dollars or crypto and earn interest from DeFi strategies, without the need to navigate complex yield protocols. Aave Labs said in a post to X that the acquisition will help accelerate its mission to transform “onchain finance into everyday finance."
- Aave Integration: Stable’s technology will be folded into future Aave Labs consumer products, and its standalone consumer app eventually phased out. Aave Labs already operates Aave.com, the most popular frontend for its DeFi lending protocol, and Horizon, an institutional platform launched in August that has since attracted over $300M deposits.
Today, Aave Labs is announcing its acquisition of @GetStableApp.
— Aave (@aave) October 23, 2025
The future of finance is onchain, and this acquisition reinforces Aave Labs' commitment to turning onchain finance into everyday finance. pic.twitter.com/1FgsEv7URP
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