Please verify your GPU. Do you have an Intel HD4000 GraphicsProcessingUnit?
I have the strong suspicion the Security Update 2021-007 Catalina broke the Intel HD4000 graphics driver.
If you look into the CrashReports of your app in question with Console.app you should find the following sequence:
[...]Graphics kernel error: 0xfffffffb
Thread 0 Crashed:: Dispatch queue: com.apple.main-thread
0 libsystem_kernel.dylib 0x00007fff6ddc233a __pthread_kill + 10
1 libsystem_pthread.dylib 0x00007fff6de82e60 pthread_kill + 430
2 libsystem_c.dylib 0x00007fff6dd49808 abort + 120
3 libGPUSupportMercury.dylib 0x00007fff54e5d0a5 gpusGenerateCrashLog.cold.1 + 95
4 libGPUSupportMercury.dylib 0x00007fff54e5418f gpusGenerateCrashLog + 89
5 com.apple.driver.AppleIntelHD4000GraphicsGLDriver 0x00007fff2972bdd0 gpusKillClientExt + 9
6 libGPUSupportMercury.dylib 0x00007fff54e5555b gpusSubmitDataBuffers + 164
7 com.apple.driver.AppleIntelHD4000GraphicsGLDriver 0x00007fff29301c78 IntelCommandBuffer::getNew(GLDContextRec*) + 48
8 com.apple.driver.AppleIntelHD4000GraphicsGLDriver 0x00007fff29301aa6 intelSubmitCommands + 187
[...]
I opened a support ticket at Apple Support - feel free to do so as well. ;-)
Regards - Matthias