What are the risks of wbtc ?

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I have a large eth holding position and looking to diversify as the network has become inflationary and staking line has cooled off. Decided to look into wbtc as it exists on eth and is easily accessible through uniswap/Metamask. What are the potential downsides of purchasing/holding wbtc? Have also heard that wbtc and weth de-peged in the past, is this true ? Thanks in advance