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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.
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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.
South Korea’s New Central Bank Governor Pledges to Advance CBDC and Deposit Tokens, Expresses Skepticism Toward Stablecoins
According to The Block, Shin Hyun-song, the newly appointed governor of the Bank of Korea, delivered his inaugural speech on April 21, pledging to advance the development of a central bank digital currency (CBDC) and deposit tokens. He also announced plans to expand related applications through Phase II of the “Han River Project” and participate in global initiatives such as Project Agora to strengthen the won’s position within the global payment system. Notably, Shin did not mention the won-pegged stablecoin in his speech, despite South Korean lawmakers actively advancing the “Digital Asset Basic Act” to establish a legal framework for stablecoins—the related discussions are expected to resume after the regional elections on June 3. During his prior tenure at the Bank for International Settlements (BIS), Shin held a negative view of stablecoins, arguing they cannot serve as a substitute for money. However, reports indicate his stance has since shifted, with Shin now stating that won-pegged stablecoins should coexist alongside CBDCs.