The UTC is a measure for coordinating activities in multiple regions of the earth in timing. It means "Universal Time Coordinated". What does that mean grammatically? Can you unravel this message with more signal words?

I would say "Universally Coordinated Time" which means that the same time is used by many people - the time is universally coordinated.

The other statement means almost the same if not the same, but I don't know how to understand this grammar construction / word construction. Thanks.