#CPI数据公布，看涨还是看跌？ Jinse Caijing reported that Circle recently released a White Paper entitled "Venture Capital for Stable Value Tokens," proposing a new risk-based capital management model for stable coins and other Digital Cash Tokens. The authors of the White Paper believe that stable coins require sufficient capital reserve requirements, which go beyond the current capital standards established under the Basel banking regulatory framework, to mitigate the unique risks of stable coins, other legal tender equivalent Tokens, and their issuers. According to the authors, these unique risks include but are not limited to token price declines due to market trading and the prevalence of the Secondary Market, followed by excessive dumping leading to a digital token 'bank run,' operational risks, and technological risks.#币圈观察员