Can USDC freeze funds?

I've been hearing rumors that USDC, the popular stablecoin, has the ability to freeze funds. Could you please clarify this matter for me? Is it true that the issuer or some authorities can simply freeze my USDC holdings without my consent? If so, what kind of circumstances would justify such a freeze? And how does this affect the trustworthiness and stability of USDC as a whole? Understanding these points is crucial for me to make informed decisions about my crypto investments. Thank you for your assistance in clearing up this confusion.