Aave Labs, a technology company pioneering products in the decentralized finance space and driving innovation across the Aave protocol ecosystem, announced the acquisition of Stable Finance, a fintech team based in San Francisco focused on building intuitive onchain financial experiences. As part of the acquisition, founder Mario Baxter Cabrera will join Aave Labs as Director of Product, and the full engineering team will join Aave Labs. The terms of the deal were not disclosed.
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 built the Stable app available on iOS for free, which makes stablecoin saving simple and familiar, offering easy deposits from bank accounts, debit cards, or crypto, and tools that help users earn on their digital dollars without volatility. Stable Finance was founded in 2023 and developed Stable, a mobile app designed to help users save and earn with stablecoins through a streamlined onchain experience. The app built a strong, early following among leaders at top global technology companies.
Stable Finance built its experience on top of proven, over-collateralized DeFi markets, abstracting complexity into a one-click savings experience for users. By simplifying access to low-volatility, onchain yield, Stable Finance demonstrated early product-market fit for stablecoin savings.
“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 team will continue to focus on consumer savings apps as part of Aave Labs, advancing new consumer product initiatives that bring the benefits of DeFi to mainstream users. However, the Stable app will be deprecated over time and the technology and team will support future Aave Labs products.
With the total supply of stablecoins now exceeding US$300 billion, interest in stable-value saving tools continues to grow globally, making intuitive, consumer-focused products increasingly important in the evolution of onchain finance.
This marks Aave Labs’ third talent acquisition, including Sonar in 2022 and Family in 2023, as it continues to expand its consumer product design and product capabilities.