I think the information you get is not correct. because of the fact that until now USDT still survives and does not have any problems. and I think USDT is a type of crypto stablecoin that can be trusted. and there are several other stablecoins that have big fans, namely DAI.
True dat.
USDT is the back bone of the crypto world now. They have been saying that USDT is a scam for years. Nothing happened. USDT is still kicking nocoiners ass to this day. USDC and BUSD are also great coins but neither of those are as great as the almighty USDT because USDT has the first mover advantage.
Right USDT has a massive volume as the result of the first-mover advantage and now it's hard for other stable coins to beat USDT unless they bring something new. And there's hardly any room to add anything to a stable coin so it's going to be like that until and unless USDT makes a wrong move or something drastic happens with it. There have been stories that USDT cannot be trusted but being fair to them, I have never had any problems and this coin has actually solved a lot of problems. Earlier I used to convert my coins into bank money and there was always added fee from the local exchanger but now that's gone, thanks to USDT and the concept of stable coins.
I am not advocating for USDT though because it comes at its own risk and there are no audits and stuff but as a small trader myself, I love using USDT and will continue to do so.