Can you make profit on USDT?

I'm curious, can one actually make a profit by investing in USDT? As a stablecoin, it's designed to maintain a stable value relative to a fiat currency, typically the US dollar. So, is there a way to capitalize on its stability or are there other strategies that can be employed to generate returns from holding USDT? I'm looking for a detailed explanation that outlines the possibilities and potential risks involved.