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Aave Acquires Stable Fiance, Fireblocks Acquires Dynamic
Aave Acquires Stable Fiance, Fireblocks Acquires Dynamic. Photo By Hans Eiskonen On Unsplash.
Aave has announced its acquisition of Stable Finance and Fireblocks welcomes in Dynamic.
The stablecoin race for strategic acquisitions continues without any signs of slowing down as 2 big players in the ecosystem Aave as the liquidity platform for DeFi and Fireblocks as the institutional infrastructure and custodian have revealed they are purchasing up-and-coming businesses powering stablecoin utility in various forms.
Aave has revealed it is acquiring Stable Finance, a platform that helps individuals to access alternate savings accounts and yield rates onchain for stablecoins via approved lending channels and protocols, with over $1B in earned volumes since it first launched. As Aave looks to increase its consumer products, this makes for a timely step to expand new offerings to clients. Founder and CEO Mario Cabera reacted to the announcement on X:
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