Coins backed by real currencies

If and when banks really decide to use blockchain technology to perform faster and cross border payments, why will they use XRP/BTC/ETH or whichever other cryptocurrency ?

Can't they create a coin e.g USDCoin or EURCoin, that is backed by real currency so that its value matches 1:1 with the currency. These coins can then shapeshift between each other using the same exchange rate as the bank has for normal currencies.

Is there a flaw in this logic ? Also can we easily create a coin to folllow normal currencies ?

submitted by /u/achilles_sin
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