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TIDM-MSP430AFE253SUBMETEREVM: Serial Communication Circuit

Part Number: TIDM-MSP430AFE253SUBMETEREVM

Can someone help me understand this circuit?
it is part of a evaluation board and this circuit is used is for serial communication, i'm having trouble understanding how this circuit works?
and also can i directly connect RXD,TXD and DGND pins to a microcontroller for communication instead of having DB( connector?
 

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