Is USDC taxable?

Good afternoon, I've been hearing a lot about cryptocurrencies and their tax implications, but I'm still a bit hazy on some details. Could you please clarify for me? I'm particularly interested in USDC, as it's gaining popularity in the cryptosphere. My question is, is USDC taxable? Do I need to declare it in my tax returns if I buy, sell, or hold it? I've read that some cryptocurrencies are treated as assets and taxed accordingly, but I'm not sure if USDC falls into that category. Could you shed some light on this matter for me? Thank you in advance for your assistance.