How safe is Binance USD?

I'm curious to know, how SAFE is Binance USD really? As a stablecoin, it's designed to maintain a stable value relative to the US dollar, but what measures does Binance take to ensure the security of its users' funds? Are there any risks associated with holding Binance USD, and if so, what steps can users take to mitigate those risks? I'd appreciate any insights you can provide on the safety and security of this cryptocurrency.