Is Tether a safe coin?

How to buy Tether

Tether is a cryptocurrency that is pegged to a given fiat currency, for example, the USD, as well as physical assets such as gold. Tether makes money from various fees, by issuing loans to other institutions, as well as through investments .

Same as Tether , USD Coin is backed by the US dollar, so every coin is worth $1 and redeemable with cash.