Crypto.com “One-Time Card” Tax Implications

I see on crypto.com that you can make a “one-time card” which is essentially a gift card that is paid for with crypto in your account. You can pick from a bunch of brands. If one of these is created/used, does that count as a taxable event?

I feel like it wouldn’t be since it’s using a currency to buy something as opposed to buying and selling an asset, but my feels don’t equate to fact so I’m asking.

It would be taxable if crypto.com essentially sold your asset for you and then bought a gift card with it.

Is anyone familiar with this?

EDIT: in the USA