Bank owned stable coins or any other other type of asset is just that..BANK (state) OWNED. It is the antithesis of what bitcoin fundamentally represents. United States dollar as a reserve currency is on the outs and everyone else in the world (but us) seems to know it.
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You are totally right. I've been wondering why nobody in the US seems to be worried about what a EU representative announced a few days ago: that they will install a alternative system to the SWIFT system, in order to avoid trade restrictions and banns issued by the US over "disliked" countries, like Iran, Russia ect.
In my view, this is huge news. In consequence, it means that the USD is not needed anymore for international trade, and that the US connot blackmail other countries anymore by threatening to exclude them from the SWIFT system, if they dont follow the orders from Whashington. Thats big!