The same is true of electronics, you are replacing AC-DC charger with DC-DC charger.
The other big problem is that lots of appliances require more power than feasible with 48V. People are fine with the low-power DC right up until they need to plug in a space heater. Are you going to have two kinds of outlets everywhere? Or incrementally upgrade each circuit? Or are going to upgrade the wiring with super thick cable that can handle the current?
People already do, with usb sockets sitting next to mains sockets.
Of course if you standardise on usb-c you are still doing dc to dc (and all sorts of extra things) so not much point as you pointed out.
[0] - https://www.irbnet.de/daten/iconda/CIB2595.pdf [1] - https://fhi.nl/app/uploads/sites/38/2018/06/10.00-DC-Power-e...
The security aspects are solvable through various standards (eg we have LAN over power lines and coax already and they layer encryption on top to build the mesh while balancing UX). The security concerns may be the #1 concern for you but has nothing to do with market adoption.