What does TUSD stand for?

Could you please elaborate on the acronym "TUSD" and its significance in the cryptocurrency and finance world? I've heard it mentioned in various discussions but haven't quite grasped its full meaning or purpose. I'm curious to know if it's a token, a stablecoin, or something else entirely. Additionally, I'd like to understand how it functions and what advantages it offers compared to other similar assets. Your insights would be greatly appreciated.