What i have seen today lets me believe that USDT is much safer.... let me explain why:

Deribit is a derivative exchange where i trade most on.... when the depeg happend, the first exit people did chose was Bitcoin!

This causes the pair BTCUSDC to trade at 21'500 USD where it did run into the limit (away from the index) ... the move up was immensely fast.

So in case the Gov lets USDT fail.... we will see a 1 million+ BTC within 24h (and no i am not mentally ill) ... Most exchanges use USDT as the base USD currency for their spot exchange. This means the only save exit is Bitcoin and there are ONLY 200m USD BTC in the orderbooks across ALL exchanges!!!! let that sink in. 70B USD can not find a new home that quickly.

Additionally the funding is immense..... currently at 0.802% / 8h .... to put this into perspective how huge this is....

Thats doubling your long position within 30 days (so 100% return/month)

or

a stagering 620'656% cumulative return per year!!!

I got lucky and opened a very very small long position.... If USDC completely fails yes the position is lost, but it is all about risk and return. 96% of my networth is in BTC, 2% in Gold, and 2% in cash... so no matter what happens i feel safe...