Aave Labs has secured a crypto license in Ireland, allowing them to offer stablecoin services. The company is expanding beyond the DeFi market and aims to reach a broader audience. Aave Labs received authorization as a Crypto-Asset Service Provider from Ireland’s Central Bank, signaling a move towards regulated markets. CEO Stani Kulechov highlighted the ability to offer fiat services to users, enabling bank account linking and stablecoin transactions. Aave Labs is venturing into more regulated markets with products like Horizon and the acquisition of Stable Finance, showing a shift towards a wider audience and away from the DeFi Wild West.

Read more at Yahoo Finance: Aave Labs Secures Ireland Crypto License While Redefining Its DeFi Identity