Aave Labs Acquires Stable Finance for Consumer DeFi Expansion

San Francisco-based Aave Labs has made a strategic acquisition by acquiring the consumer DeFi platform, Stable Finance. This move strengthens Aave’s position in the rapidly expanding onchain finance market. Stable Finance’s mobile application allows users to deposit funds from various sources – bank accounts, cards, and crypto wallets – for earning yield on stablecoins through overcollateralized decentralized markets.