How stable is TUSD?

I'm curious, how stable is TUSD in the current market? With so many cryptocurrencies floating around, it's hard to keep track of their fluctuations. Could you please elaborate on the factors that influence TUSD's stability? I've heard that it's pegged to the US dollar, but how does that actually work? And how does this pegging mechanism affect its overall stability? I'm also interested in knowing if there have been any recent events or trends that have impacted TUSD's stability? Could you please provide some insights on this? Thank you for your time and expertise.