How does TrueUSD work?

Could you elaborate on the workings of TrueUSD? I'm curious to understand how it functions as a stablecoin. How does it maintain its peg to the US dollar? What underlying mechanisms or collateral does it utilize to achieve this stability? Additionally, how does TrueUSD ensure its liquidity and accessibility in the market? Is there a team or organization behind TrueUSD that oversees its operation? Understanding these aspects would help me gain a deeper insight into how TrueUSD works and its potential benefits for cryptocurrency users.