Is USDC owned by the government?

Could you please clarify for me if USDC is owned by the government? I've heard some rumors that it might be, but I'm not entirely sure. As a cryptocurrency expert, I trust your knowledge in this area. Could you provide some insight into the ownership structure of USDC? Is it a government-issued coin, or is it privately owned and managed? I'm particularly interested in understanding the relationship between USDC and any government entities, if there is any. Thank you for your time and assistance in clearing up this confusion for me.