Aave Labs Acquires Stable Finance to Simplify Stablecoin Savings

Deal Summary

Aave Labs has acquired San Francisco fintech startup Stable Finance, bringing founder Mario Baxter Cabrera and the full engineering team into Aave Labs to accelerate consumer-facing DeFi products and simplify stablecoin savings. The Stable app will be phased out as its technology and design are incorporated into Aave's roadmap.