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I could in 2 minutes deploy a new smart contract for a coin that allows for the owner to mint money whenever they want. Cryptocurrency doesn't stop a coin like that from existing.

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Ok, and if the owner in our hypothetical scenario was my government, then I might change my mind.

Many central banks and governments are experimenting with cryptocurrency/blockchain. I believe some have gone live with various projects around voting, currency-issuing and accounting.

Notably also, the US government is using USD-pegged crypto currency "USDC" to circumvent governmental corruption in Venezuela, in order to deliver economic aid directly (to intended recipients who weren't receiving it through government-controlled Venezuelan banks):

https://blockchain.news/news/us-government-usdc-stablecoin-o...

Mainstream source: https://finance.yahoo.com/news/us-government-enlists-usdc-gl...

You must be new to the idea of cbdcs. Almost every major country has already planned them

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