Is TUSD stable?

I've been hearing a lot about TUSD, the so-called stablecoin, but I'm still not quite sure how stable it really is. Can you elaborate on that? Is it really as dependable as its name suggests? I've read about its pegging mechanism to the US dollar, but how does that actually work in practice? Are there any risks involved in holding TUSD that I should be aware of? And compared to other stablecoins in the market, how does TUSD fare? I'm really curious to know more about its stability and reliability.