Aave has partnered with the Latin American fintech company, serving over 130,000 users.

Techub News, according to Crypto Briefing, Aave has provided yield products to over 130,000 users through partnerships with Latin American fintech companies. The protocol collaborates with applications such as Lemon, Ripio, Belo, and Buenbit, allowing users to deposit local currency through these platforms and convert it into stablecoins to participate in Aave’s lending pools. The current managed deposit scale is approximately $40 million, of which over $20 million is in stablecoins. User participation has grown 73% year-over-year, covering countries including Argentina, Brazil, Mexico, and Colombia. Additionally, Aave plans to launch Aave Horizon, a product for institutional clients, in August 2025.

Aave is currently the largest decentralized lending protocol by total value locked. Latin America has over 200 million unbanked or underbanked individuals, and many countries in the region face high inflation and currency volatility. By partnering with local fintech applications, Aave hides complex DeFi operations behind user-friendly interfaces, enabling users to earn dollar-denominated yields without needing cryptocurrency wallets like MetaMask, thereby lowering the barrier to DeFi participation.