On a Mac, the executable is usually located deep within the app's contents:
The primary responsibility of the StandaloneUpdaterDaemon is to manage the lifecycle of software updates. Unlike manual installers of the past, this daemon operates on a scheduled or event-driven basis. Its key duties include: standaloneupdaterdaemon
Software distribution is evolving. The classic standalone daemon is being supplemented or replaced by: On a Mac, the executable is usually located
As a "daemon," this process runs in the background to handle specific system tasks without user interaction: AppleInsider Background Updates On a Mac
The StandaloneUpdaterDaemon has a generally positive impact on system performance:
While you can force-quit the process in Activity Monitor or Task Manager, it will likely restart itself the next time you launch an Adobe app or reboot your computer.