Why is sending USDC so expensive?

I've noticed that sending USDC seems to come with a rather hefty cost. Could you please explain why this is the case? Given that USDC is touted as a stablecoin, with its value pegged to the US dollar, I would expect transactions to be relatively inexpensive. Is there a particular reason behind the high transaction fees associated with sending USDC? Could it be due to the underlying technology or the way the transactions are processed? I'm genuinely curious to understand the factors that contribute to this cost and how it compares to other cryptocurrencies. Thank you for your insights.