What is the risk of USDT?

Could you please elaborate on the risks associated with USDT? I've heard about its stability and widespread acceptance in the crypto world, but I'm also concerned about any potential drawbacks or hazards. As a professional in this field, your insights would be invaluable. Could you possibly highlight the main risks investors should be aware of when dealing with USDT? And perhaps also offer some strategies or guidelines to mitigate those risks? Your expert advice would greatly assist me in making informed decisions in this volatile market.