It feels like this is a double-edged sword project for them.
If it doesn't work out, they will be left alone with their own network. Cryptocurrency users could still find a new stablecoin to support that uses different networks. I think that's the strength of USDT and USDC, the flexibility of usage in different networks.
If they will continue this, I am not so sure where it will go. So, they are risking a lot here and I do wish they went through deep analysis before they make a big decision.
Those behind USDC and USDT do not make much of a choice, actually, those pushing this forwardsnare regulators. Probably they are being told this is a step they need to do in order to continue to operate with their coins in the European Union and the United States. Remember, the USA and the establishment of that country still want their own CBDC, and they seem willing to take advantage of the popularity of these stablecoins to establish their centralized network, without alerting most of the public.