This paper studies the thermal stability and the glass formation region the Agl-Ag2O-B2O3 system. The miscibility range of the components has been investigated by direct visual observation at 1000°C, i.e. where the system is liquid over the entire compositional range. By combining X-ray and differential thermal analysis (DTA) measurements, the large region of glass formation of the system has been determined. The dependence of the glass transition temperature upon the glass composition is discussed. Series of glasses have been annealed over extended time intervals above the glass transition temperature in order to characterize the “equilibrium” phase diagram for the system. Analysis of the annealed materials shows that several crystalline compounds form upon annealing.