It is up to you how you would perceive them based on the breakdown.
Tether is full of controversies over the years but still it remained as the most trusted, most traded, and most utilized stablecoin. But there are now other options. So if you think Tether is risky enough, then you may choose USDC or BUSD.
I agree with you that it is best to see the news because the assets at Tether claim to have more than 75% of their reserves in cash and cash equivalents, mostly in the form of securities.