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?
Crypto Audit company only check the smart contract of the project, They are only checking all the loopholes that might be a cause for a security breach and they don't any liability on the company itself which is the main concern on fear about USDT. USDT is known for being descreet on data about the actual USD that backing there printed USDT in there banks. They are being accused many times for printing billion of USDT from thin air without any audit report about the USD backing it which is the scariest part on USDT since they can bring down crypt in one click by printing of tons of USDT that can flood the market and devalue all crypto pair on it.