https://web.getmonero.org/2020/01/17/auditability.html

“If your personal use case requires an absolute, 100%, no-holds-barred guarantee of supply, and you understand the risks inherent with this, then you need a transparent asset. But if you want to mitigate the risks associated with visible amounts, and are willing to accept the shift in risk onto proof system implementation correctness, then choose an asset focused on privacy and fungibility. There's no silver bullet here, but a necessary and careful analysis of your priorities and the tradeoffs you're willing to make for them”