Is USDC reported to IRS?

Could you please clarify for me whether transactions involving USDC, the stablecoin pegged to the US Dollar, are required to be reported to the Internal Revenue Service (IRS) for tax purposes? I understand that cryptocurrency transactions can have tax implications, but I'm specifically interested in the regulations surrounding USDC. Are there any specific rules or guidelines that apply to reporting USDC transactions to the IRS? And if so, what kind of information needs to be included in those reports? Thank you for your assistance in clarifying this matter.