I think The FED doesn't need to bother making stablecoins, they already have USDT, they can work together if The FED needs a stable coin to be minted, but in fact The FED looks like it wants to acquire any financial system they deem profitable, Crypto doesn't need rules but everything works because the community is good and willing to work together
USDT is a private, not government stablecoin. Therefore, it will not suit the United States as a state. The state will not use money that is not its own, which it cannot control. Therefore, they will definitely release their own CBDCs there.
As for regulation, cryptocurrencies also need some regulation. Otherwise, without certain rules of circulation, arbitrariness, fraud and mass theft will reign in this market. Participants in bounty campaigns see what the lack of rules leads to. The project team wants to pay bounty participants with their tokens, but if they don’t want to, then they don’t pay.