What is the meaning of TUSD?

I'm curious, could you please explain to me the significance of TUSD? I've heard it mentioned in the context of cryptocurrency and finance, but I'm not entirely clear on its role and function. Is it a type of digital asset? Or perhaps a stablecoin? How does it differ from other cryptocurrencies? And what are the advantages or disadvantages of using TUSD? Your explanation would greatly assist me in understanding this topic further. Thank you for your time and assistance.