Aave iOS Savings App Launches Early Access with Stablecoin Support

Aave has opened its iOS savings app to early access, while Android and web users remain on the waitlist. The app allows users to deposit money, earn yield, and withdraw supported assets through Aave's savings service.

The stablecoin wallet supports deposits and withdrawals on Arbitrum, with deposited funds supplied to lending pools where borrowers pay interest to depositors. According to Aave Labs, about 50,000 users joined the iOS waitlist in July.

Aave founder Stani Kulechov said that Ghost Passes allow users to invite friends and skip the waitlist. Users can connect bank accounts and debit cards through the app, with the current price of Aave at $126.81 at the time of reporting.