The FUD against the peg is largely exaggerated imo.

Tether does have transparency report and the treasury attested by third party auditor, though there are concern since the specifics of what investments they do are not given.

In fact the latest attest report shows they are even OVER collateralised and have great liquidity. https://blockmagnates.com/tether-usdt-is-overcollateralized-with-over-82-billion-in-reserves/

That being said, the marketcap for USDC is catching up and should diversify this risk a little over time.