A fintech company wants to accept stablecoin payments from retail customers. Which stablecoin type carries the highest counterparty risk?
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A
Algorithmic stablecoins backed only by code and market incentives
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B
Fiat-collateralized stablecoins audited by a licensed accounting firm
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C
Crypto-overcollateralized stablecoins like DAI
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D
Commodity-backed stablecoins redeemable for physical gold