What is TUSD vs USDT?

Could you elaborate on the key differences between TUSD and USDT? As investors in the cryptocurrency space, we often encounter various stablecoins, and understanding their nuances is crucial. Is TUSD, being a TrueUSD token, pegged to the US dollar in a similar fashion to USDT, which is a Tether token? Do they both utilize similar mechanisms to maintain their stability? What are the primary differences in terms of underlying collateral, transparency, and adoption? Your insights would be invaluable for those seeking to navigate the world of stablecoins.