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  "title": "準備金インターロック・フライホイール · 三層システミックリスク・シナリオ",
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    "title": "準備金インターロック・フライホイール · 三層システミックリスク・シナリオ",
    "aliases": [
      "circular reserve asset flywheel risk cases",
      "BUIDL USDC concentration risk",
      "reserve recursion risk"
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    "last_tended": "2026-06-24",
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    "sources": [
      "https://www.blackrock.com/us/individual/products/335977/buidl",
      "https://www.circle.com/en/transparency",
      "https://www.congress.gov/bill/119th-congress/senate-bill/394",
      "https://www.federalreserve.gov/publications/financial-stability-report.htm",
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