Aave Labs acquisition of Stable Finance expands consumer access to on-chain savings.

Foresight News reports that, according to CoinDesk, Aave Labs has acquired Stable Finance to expand consumer access to on-chain savings, with the specific acquisition amount undisclosed. This acquisition will bring Stable's founder Mario Baxter Cabrera and his engineering team into Aave Labs, where they will help build a new consumer-focused DeFi product. Cabrera will serve as the product director. Stable's technology will be integrated into Aave Labs' future products, and its existing applications will be gradually phased out. This acquisition marks Aave's third talent-focused deal following its acquisitions of Sonar in 2022 and Family in 2023, as Aave continues to expand its product design capabilities.