I never really trusted it and for along time there was the narrative that Tether would take the whole market down when it was exposed and for some reason it never really happened and other stuff collapsed.
I always go with USDC as well but there have been some weird capitulation events where it got depeged for several hours which is always weird to me. It would never make sense that it wouldn't just always be $1.
Yeah, stuff like that is always a bit concerning.