Please correct me if I got it all wrong, audited projects are projects that have passed some security checkup right? As a newbie I kinda like investing in projects that are audited atleast so back to my question, USDT is the biggest stable coin right? When I tracked it on coinmarketcap I found out that's it passed audits through Certik and Fairyproof, why haven't this clear the rumour that USDT might fail someday? Because it's Centralised? If that's it then why DAI ( decentralized stable coin) haven't grow over USDT all this while?
Auditors only check the security of the project, they cannot guarantee that the project is not a scam. USDT is the first stablecoin on the market to be converted 1:1 USD. Out of all the stablecoins currently on the market, USDT is the most centralized and although there are always allegations of market manipulation and money laundering surrounding it. but it is still the most used stablecoin on exchanges. If USDT crashes, it could send the crypto market into crisis. something that no one dared to think about.