Would this be any different than a government issued stable coin? This has the potential to greatly simplify the entire banking infrastructure. It would also

Would this be any different than a government issued stable coin? This has the potential to greatly simplify the entire banking infrastructure. It would also make it harder to lend what you don’t have. Current banking balances are easily fudged. Stable coins are real records you can only lend if you have them. I could see this driving up interest rates on savings accounts similar to how crypto savings accounts have decent returns.