Is converting ETH to STETH taxable?

Could you please clarify for me? I'm a bit confused about the tax implications of converting ETH to STETH. Is this type of transaction taxable? If so, how does the taxation process work in this scenario? Could you explain the relevant tax rules and regulations that apply to this conversion? Additionally, are there any specific tax considerations I should be aware of when making this conversion? Thank you for your assistance in clarifying this matter.