It does copy passwords and auto-clears the clipboard after a set amount of time (which can be changed in the settings).
There's a discussion a few years back here. Apparently, the PM does NOT totally clear the clipboard history
To ensure the clipboard is totally cleared, go to Windows and disable Clipboard history as below
This tutorial will show you how to enable or disable clipboard history for your account or all users in Windows 11. When you copy something on your Windows PC, it’s automatically copied to your clipboard for you to paste. Clipboard History in Windows 10 and Windows 11 lets you save multiple...