Earlier quoted context omitted.
You could stake fiat in a bank account I guess?
That's pretty much Tether. You could probably bootstrap a POS coin by staking Tether. There would be a lot of details in getting it to eventually grow independent of Tether. I don't claim to know how that could happen. Especially since Tether is not a highly-regarded/trusted token in the community.
now why would any entities want to deposit usd into a private bank and receive usdt without any yield on their cash? you think you understand tether so well maybe think about it for a few minutes