Similar to you, before I was a Tether, USDT skeptic. However, it has been more then 4 years since I have created my Big Short thread and Tether only has become bigger and more profitable, more accepted and stronger.
https://www.usdebtclock.org/
I am sure that the American budget benefits from Tether printing new billions and buying 90% of the amount from each billion American Treasuries.
The crypto market is growing, tokenized assets are growing, and the most popular stablecoins on the market are USDT and USDC, so I continue to expect an increase in their capitalization.
I am not implying anything about the national debt of America. I am asking if Tether would post fake information about their assets that are backing USDT when they might be under strict regulatory inspection. They can have their domain seized if they are posting fake information. This is similar to the argument that Binance is not a safe exchange after CZ's imprisonment. I have argued that Binance is presently the safest exchange because the regulators' eyes are always on them.
For me, the safest exchange is Uniswap.I can't call centralized exchange safe, because I can't fully dispose of my coins.