Does USDC require KYC?

I'm curious about something related to cryptocurrency, specifically USDC. I've heard different things about whether or not Know Your Customer (KYC) verification is required for using USDC. Could you please clarify this for me? I'm interested in understanding the regulations and processes associated with this type of digital currency, especially as it pertains to privacy and security. Would KYC be required for transactions involving USDC, or are there certain thresholds or exemptions that apply? Thank you for your assistance in clarifying this matter.