How to redeem lusd?

I'm curious about the process of redeeming LUSD. Could you walk me through the steps involved in converting my LUSD tokens back to their original asset or fiat currency? I'd appreciate it if you could explain it in simple terms, as I'm still new to the world of cryptocurrency and decentralized finance. Are there any fees associated with the redemption process? And how long does it typically take for the redemption to be processed and the funds to be made available in my account?