In this paper, we considered a new tensioning method by the centrifugal stress on the base metal of rotating circular saw. First, the residual stress distribution on the base metal generated by roll tensioning and the centrifugal stress distribution was compared by calculation using a disk model (Φ305mm). As the results, it was confirmed that the tangential stress σθR by centrifugal force at outer of disk became larger than the residual stress σθP by roll tensioning when the rotational speed is higher than 7300 rpm. This rotational speed is larger than 1.4 times of the critical speed (resonance rotational speed) of disk. And it is concerned that the unstable vibration may be generated. Therefore, we investigated the behavior of the unstable vibration and established the countermeasure by the rotating experiment. As the results of the rotating experiment, we considered that the unstable vibration is the self-excited vibration as the negative damping caused by the effects of the high-speed airflow around the rotating disk. According to this consideration, we investigated the relationship of the damping coefficient of disk and the behavior of the unstable vibration. As the result, it is confirmed that the rotational speed of the unstable vibration occurred becomes higher with the increase of the damping coefficient of disk. It is confirmed that it is possible to suppress the unstable vibration of disk and provide the tensioning effect by centrifugal force of disk.