Is USDT safe to store money?

I've been hearing a lot about cryptocurrencies lately, and USDT has caught my eye. But I'm still a bit skeptical about storing my money in it. Can you tell me if USDT is safe to use as a storage option for my funds? I've heard about its stablecoin nature and its peg to the US dollar, but I'm still not entirely sure if it's reliable. What are the risks involved, and how does it compare to other cryptocurrencies in terms of security and stability? I'd appreciate it if you could provide me with some insights and clarify my doubts.