Aave Acquires Stable Finance, Expanding Access to DeFi for Everyday Users

In a move aimed at bringing decentralized lending closer to everyday users, Aave has acquired the user-friendly mobile platform, Stable Finance. Founded by Mario Baxter Cabrera in 2023, Stable Finance empowers consumers to seamlessly transfer funds from bank accounts, credit cards, or crypto wallets for returns on stablecoins via decentralized markets. Aave Labs will integrate these consumer-focused capabilities into Aave’s growing ecosystem, signaling a major step towards mainstream adoption of DeFi solutions.