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Aave Labs acquisition of Stable Finance expands consumer access to on-chain savings.
Foresight News reports, according to CoinDesk, that 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 founder Mario Baxter Cabrera and his engineering team into Aave Labs, where they will help build new consumer-facing Decentralized Finance products. Cabrera will serve as the Product Director. Stable's technology will be incorporated into Aave Labs' future products, while its existing applications will be gradually phased out. This acquisition marks Aave's third talent-focused deal following its acquisition of Sonar in 2022 and Family in 2023. Aave will continue to expand.
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