Sometimes it is difficult for me to understand why people have so much trust on tether, especially when we take into account that we are in a market that prides itself on being decentralized and yet stable coins are the complete opposite of that idea, there is a lot of evidence that shows that the one to one ratio that people were promised is simply an illusion and at some point there is going to be government intervention and people are going to realize they had been lied to all of those years and the coin is going to crash.
People trust Tether because they think it's insured or backed by the government. But we all know that's not the case. Trusting Tether is no different than trusting banks with your hard-earned money. Everything will eventually go down the drain, as Tether is extremely centralized. What makes you think governments won't crack down on Tether anytime soon? Even if this doesn't happen, there's always the possibility of the issuer running away with the money in the future. The risks will always be there, but it's up to you to decide what to do with your investment in the long run.
I wouldn't trust Tether with my money even if it offers attractive interest rates. As it's said in the real world, it's "better to be safe than sorry". You're better off exchanging your crypto to Fiat than a centralized stablecoin than Tether. Just my thoughts
