I did find this information from the website https://help.songtrust.com/knowledge/who-do-i-need-to-get-permission-from-to-record-and-release-a-cover-song
INCLUDING A COVER SONG ON YOUR OWN ALBUM
You don’t need a license if you are releasing a cover strictly on streaming platforms. Services like Spotify and Apple Music license songs and pay royalties to publishers as part of The MLC (The Mechanical Licensing Collective) that was launched in 2019. This means that artists releasing covers on those platforms are not responsible for any related royalty payments.
If you plan on releasing a cover song as part of a physical and/or downloadable record, you will need a mechanical license. The current statutory rate for mechanical licenses in the US is 9.1 cents per downloaded song or song on a physical album purchase. You can secure this license through Harry Fox Agency's Songfile, Easy Song , or the copyright holder themselves.
If you want to cover a work Songtrust currently administers, you can email us directly instead of contacting a third party service. Distributors like CD Baby will usually help you obtain licenses as well.
If you want to release two different versions of a cover song (live and studio recordings, for instance) you will need to obtain two separate mechanical licenses.