Can I lose money with USDT?

I'm relatively new to the world of cryptocurrencies, and I've been hearing a lot about USDT lately. I understand it's a stablecoin pegged to the value of the US dollar, but I'm still a bit confused about how it works and whether it's a safe investment. My main concern is: can I lose money with USDT? I've heard stories of people losing their investments in cryptocurrencies, and I want to make sure I'm not putting myself in that position. Can you explain the risks involved with investing in USDT? And if there are risks, are there any strategies I can use to minimize them? Thank you for your time and expertise.