🟣 Is Aave entering the on-chain neobank game? — @AaveAave
Aave Labs just announced the acquisition of @GetStableApp, a U.S. fintech behind the mobile savings app Stable. And this news is anything but trivial.
👉 Stable is a savings application that allowed users to deposit stablecoins and earn yield in a simple, accessible way.
The team, founder, and technology behind Stable are joining Aave Labs, and the app will be gradually integrated into the Aave ecosystem.
Behind this move, Aave’s goal is clear: to leverage its existing infrastructure to expand into the retail savings market.
💬 “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.” — @StaniKulechov
We believe that beyond a simple product addition, the acquisition of Stable sends a strong signal:Â
👉 Aave is positioning itself to enter the emerging on-chain neobank sector.
By launching a neobank, or at least a retail-focused savings application, Aave would complete its triptych:
▫️ Institutions → Horizon
▫️ DeFi native → Aave Protocol
▫️ Retail → Stable
DeFi and stablecoins have now reached a sufficient level of maturity, and Aave is the perfect example of it. The sector is finally ready to expand beyond the boundaries of crypto and reach the mainstream.
👉 Aave is building a bridge between on-chain credit infrastructure and retail savings. And traditional finance should be paying attention.
1.06K
7
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.



