So... I don't quite understand all the implications of a "fedcoin." Isn't it basically creating an alternative USD, which the Fed becomes obligated to keep in p

So... I don't quite understand all the implications of a "fedcoin." Isn't it basically creating an alternative USD, which the Fed becomes obligated to keep in parity with regular USD? What happens if a proverbial Soros messes starts exchanging these at massive rates? Does the Fed need to start printing USD (or stablecoin) to meet the demand? Parity is a hard problem. That's why we abandoned fixed exchange rate currency systems, for the most part. Also, if Tether is anything to go by, demand for stablecoins is sky high already. The day the Fed decides to issue Fedcoin, demand could be trillions. The Fed would be receiving ^I could be totally off. Haven't thought about this much. Please don't bite me.