Issuing a real estate backed stablecoin

Issuing a stablecoin

As the title says, I want to emit a stablecoin backed by real estate. I have been searching, the web, for info, but didn't find much so I ask here.

What are the legal terms to issue a stable coin in EU and US? How do i convert real estate value in tokens? How do i provide liquidity? In what way, i can profit from issuing such a stablecoin?

The way I see it is like this The real estate value is somehow translated in tokens ( tokenization if I am correct) After this step, sell the tokens for fiat, which goes to liquidty pool. Third step, convince a bank to give you funds for liquidity, by guaranteeing with the realrestate. Fourth step, buy new realestate, do all of the above again.

Thank you for your answers