How to create a stablecoin?

That would require a lot of money wouldn’t it? Now it’s a two men project, people don’t tend to finance projects unless they see that is working (is making money).
Q1- So the money need to be on a bank account not on an Algo Wallet?
Q2- And how can I link the two?
Q3- What about algorithmic pegging? Needs a lot of monetary investment also?