**Circle Proposes New Risk Model for Stablecoins in Latest Whitepaper**

Circle, the issuer of USDC stablecoin, has just dropped a whitepaper proposing a new risk-based capital management model for stablecoins. 🚀

- The paper suggests that stablecoins need more robust capital reserves than current banking standards to handle unique risks like market volatility and tech issues.

- Introducing the Token Capital Adequacy Framework (TCAF), Circle aims to stress-test reserves dynamically and incorporate stakeholder input.

- TCAF's goals include simplifying risk management and ensuring cross-jurisdictional standards.

Stay tuned for more on how this could reshape the stablecoin landscape!