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Project Overview
Agora is a stablecoin issuer that provides users a haven from volatility by pegging themselves to other assets such as the dollar. Agora will issue stablecoins backed by cash, Treasury bonds and overnight repurchase agreements.
South Korea Unveils Roadmap for Won Internationalization, Plans Legal Framework for Won-Backed Stablecoin Issuance and Circulation
The South Korean government has released a "Roadmap for the Internationalization of the Won," aiming to transition the currency from a regulated currency to a freely convertible one. The roadmap was jointly formulated by the Financial Services Commission, the Bank of Korea, the Financial Supervisory Service, and the Korea Securities Depository. The Bank of Korea also plans to advance a tokenized treasury bond pilot project linked to an institutional CBDC (Central Bank Digital Currency). Additionally, South Korea will participate in Project Agora, an international payment initiative led by the Bank for International Settlements (BIS). (coinpost)
South Korea Releases Roadmap for Internationalizing the Korean Won, Plans to Issue Won-Pegged Stablecoins and Pilot Government Bond Tokenization
: The South Korean government today released a "Roadmap for the Internationalization of the Korean Won," aiming to transform the won from a regulated currency into a freely convertible currency and to establish an offshore won settlement network. The Bank of Korea will launch a system tentatively named the "Offshore Won Settlement Network," which is expected to begin trial operations in September this year and officially launch in January next year. South Korea will also build digital asset payment infrastructure to lay the foundation for the issuance, distribution, and trading of won-pegged stablecoins, and plans to launch a pilot project next year to promote the tokenization of government bonds linked to the central bank digital currency (CBDC) of the Bank of Korea. Additionally, South Korea will officially join Project Agora, a cross-border digital payment initiative led by the Bank for International Settlements (BIS) that brings together the central banks of eight countries.
Former Robinhood Crypto COO Joins Stablecoin Firm Agora as Head of Operations
According to CoinDesk, Tanya Denisova, former Chief Operating Officer of Robinhood Crypto, has officially joined stablecoin infrastructure company Agora as Head of Operations. She will also serve as Chief Operating Officer of Agora’s proposed national trust bank—a role that will take effect upon approval by the U.S. Office of the Comptroller of the Currency (OCC) of Agora’s application for a national trust charter. Denisova spent six years at Robinhood Crypto, leading the department’s expansion from a team of three to a multi-billion-dollar business operating regulated entities in both the United States and the European Union. Her responsibilities spanned core areas including settlement, liquidity, trading, execution quality, and custody.
South Korea Unveils Roadmap for Won Internationalization, Plans Legal Framework for Won-Backed Stablecoin Issuance and Circulation
The South Korean government has released a "Roadmap for the Internationalization of the Won," aiming to transition the currency from a regulated currency to a freely convertible one. The roadmap was jointly formulated by the Financial Services Commission, the Bank of Korea, the Financial Supervisory Service, and the Korea Securities Depository. The Bank of Korea also plans to advance a tokenized treasury bond pilot project linked to an institutional CBDC (Central Bank Digital Currency). Additionally, South Korea will participate in Project Agora, an international payment initiative led by the Bank for International Settlements (BIS). (coinpost)
South Korea Releases Roadmap for Internationalizing the Korean Won, Plans to Issue Won-Pegged Stablecoins and Pilot Government Bond Tokenization
: The South Korean government today released a "Roadmap for the Internationalization of the Korean Won," aiming to transform the won from a regulated currency into a freely convertible currency and to establish an offshore won settlement network. The Bank of Korea will launch a system tentatively named the "Offshore Won Settlement Network," which is expected to begin trial operations in September this year and officially launch in January next year. South Korea will also build digital asset payment infrastructure to lay the foundation for the issuance, distribution, and trading of won-pegged stablecoins, and plans to launch a pilot project next year to promote the tokenization of government bonds linked to the central bank digital currency (CBDC) of the Bank of Korea. Additionally, South Korea will officially join Project Agora, a cross-border digital payment initiative led by the Bank for International Settlements (BIS) that brings together the central banks of eight countries.
Former U.S. CFTC Chairman: The U.S. Is Conducting Closed-Door Research on Digital Dollar-Related Infrastructure
According to CoinDesk, Timothy Massad, former Chair of the U.S. Commodity Futures Trading Commission (CFTC), stated that although former President Trump has publicly pledged opposition to central bank digital currencies (CBDCs) and government-backed dollar-pegged stablecoins, the U.S. may ultimately launch a government-backed on-chain digital dollar initiative, driven by the global advancement of tokenized finance. Massad noted that the White House is conducting closed-door research into the relevant infrastructure, and the U.S. has already joined the Bank for International Settlements’ (BIS) Project Agora. Meanwhile, Mark Gould, Head of Payments at the Federal Reserve, said that a digital dollar currently falls outside the Federal Reserve’s mandate—but if a government-backed digital dollar were to be launched, the Federal Reserve would assume responsibility for it.
Related news
South Korea Unveils Roadmap for Won Internationalization, Plans Legal Framework for Won-Backed Stablecoin Issuance and Circulation
The South Korean government has released a "Roadmap for the Internationalization of the Won," aiming to transition the currency from a regulated currency to a freely convertible one. The roadmap was jointly formulated by the Financial Services Commission, the Bank of Korea, the Financial Supervisory Service, and the Korea Securities Depository. The Bank of Korea also plans to advance a tokenized treasury bond pilot project linked to an institutional CBDC (Central Bank Digital Currency). Additionally, South Korea will participate in Project Agora, an international payment initiative led by the Bank for International Settlements (BIS). (coinpost)
South Korea Releases Roadmap for Internationalizing the Korean Won, Plans to Issue Won-Pegged Stablecoins and Pilot Government Bond Tokenization
: The South Korean government today released a "Roadmap for the Internationalization of the Korean Won," aiming to transform the won from a regulated currency into a freely convertible currency and to establish an offshore won settlement network. The Bank of Korea will launch a system tentatively named the "Offshore Won Settlement Network," which is expected to begin trial operations in September this year and officially launch in January next year. South Korea will also build digital asset payment infrastructure to lay the foundation for the issuance, distribution, and trading of won-pegged stablecoins, and plans to launch a pilot project next year to promote the tokenization of government bonds linked to the central bank digital currency (CBDC) of the Bank of Korea. Additionally, South Korea will officially join Project Agora, a cross-border digital payment initiative led by the Bank for International Settlements (BIS) that brings together the central banks of eight countries.
BIS: Stablecoins Do Not Yet Possess Monetary Attributes; Warns of “Stablecoin Dollarization” Risks in Emerging Markets
According to The Block, the Bank for International Settlements (BIS) stated in its *Annual Economic Report 2026* that current stablecoins fail to meet monetary standards across four key dimensions—unity, resilience, interoperability, and integrity—and their operational model resembles that of an ETF rather than a payment instrument. The report estimates that even if stablecoin market capitalization expands to $1–3 trillion, the net effect on economic output would remain slightly negative, while simultaneously intensifying banks’ funding pressures and undermining their credit capacity. The BIS also warns of “stablecoin dollarization” risks in emerging economies, which could erode their monetary sovereignty. The report proposes an alternative solution: building a “unified ledger” anchored to central bank money, incorporating both tokenized central bank reserves and commercial bank money—and cites Project Agora, a cross-border payment prototype, as evidence of feasibility.
Former Robinhood Crypto COO Joins Stablecoin Firm Agora as Head of Operations
According to CoinDesk, Tanya Denisova, former Chief Operating Officer of Robinhood Crypto, has officially joined stablecoin infrastructure company Agora as Head of Operations. She will also serve as Chief Operating Officer of Agora’s proposed national trust bank—a role that will take effect upon approval by the U.S. Office of the Comptroller of the Currency (OCC) of Agora’s application for a national trust charter. Denisova spent six years at Robinhood Crypto, leading the department’s expansion from a team of three to a multi-billion-dollar business operating regulated entities in both the United States and the European Union. Her responsibilities spanned core areas including settlement, liquidity, trading, execution quality, and custody.
Securing 15 Top-Tier Zero-Day Vulnerabilities: 0G Lab, in Collaboration with NUS, Peking University, and BUPT, Builds a Consensus Protocol Debugging Intelligent Agent Framework
Agora, an automated testing framework jointly developed by 0G Labs and research teams from the National University of Singapore, Peking University, and Beijing University of Posts and Telecommunications, has been accepted to ICML 2026. Agora is the first framework to deeply integrate domain-specific knowledge from distributed systems with a multi-agent collaborative architecture for automated vulnerability detection in production-grade consensus protocols. According to the paper, Agora has uncovered 15 previously unknown deep logic bugs (“Deep Bugs”) across mainstream consensus protocols—including Raft, EPaxos, HotStuff, and BullShark—spanning critical security issues such as execution divergence, monotonicity violations, topology flaws, and signature verification failures. Experimental results show that leading large language models—including GPT-5.2 and Claude 4.5—failed to detect any protocol-level vulnerabilities under identical test scenarios. Agora employs hypothesis-driven testing and a multi-agent collaboration mechanism, enabling deep security analysis of complex distributed systems through automated attack-scenario generation, test execution, and dynamic refinement. Beyond consensus protocols, the framework is designed for future extension to domains including database concurrency control, operating system kernels, and Web3 smart contract auditing.
Former U.S. CFTC Chairman: The U.S. Is Conducting Closed-Door Research on Digital Dollar-Related Infrastructure
According to CoinDesk, Timothy Massad, former Chair of the U.S. Commodity Futures Trading Commission (CFTC), stated that although former President Trump has publicly pledged opposition to central bank digital currencies (CBDCs) and government-backed dollar-pegged stablecoins, the U.S. may ultimately launch a government-backed on-chain digital dollar initiative, driven by the global advancement of tokenized finance. Massad noted that the White House is conducting closed-door research into the relevant infrastructure, and the U.S. has already joined the Bank for International Settlements’ (BIS) Project Agora. Meanwhile, Mark Gould, Head of Payments at the Federal Reserve, said that a digital dollar currently falls outside the Federal Reserve’s mandate—but if a government-backed digital dollar were to be launched, the Federal Reserve would assume responsibility for it.