Use various stablecoins to store your crypto savings, not just USDT. It is very risky to hodl all coins in USDT.
You're right, but there are not so many
reliable stablecoins. Alternative coins are USDC, BUSD and DAI. Other similar coins lack liquidity for comfortable trading on cryptocurrency exchanges.
To be honest, I do
not believe the USDT will collapse in the foreseeable future.
Law enforcement agencies have been watching Bitfinex-affiliated Tether Ltd since 2018, trying to
accuse them of various frauds. I heard that the company recently paid over 18 million dollars to settle claims from the New York State Attorney General. The current lawsuit focuses on the nascent days of Tether Ltd and relates to the bank transactions performed in 2017.
It seems that governments have finally realized that stablecoins are real
competitors to the fiat money they issue. Thus, they are trying to cause different troubles for the top-rated stablecoin. We may soon hear about new accusations against USD Coin, Binance USD, etc.