Oh that would make sense.
Still requires a weld and for a given knife thickness, reduces the amount of the working steel (the steel the actual edge is made of) in the blade.
IF the working steel benefits, sure it's a good thing.
But, my point is more that one could make an all around better knife by selecting a high grade monosteel of the desired qualities, all other things being equal. In certain circumstances, it makes sense. Less so with modern steel that isn't in need of structural support. The corrosion resistance is helpful but the edge is still exposed and will corrode.
Is it useful? Depends on the steel and the why. You aren't going to make a steel like m4 tougher by reducing the thickness of the m4 to add stainless to the exterior. In fact, m4 is tough enough that you'd probably reduce the toughness of the blade doing that.....so the benefit would be corrosion resistance.
I'll agree that with brittle steels, or less tough steels, cladding them can be useful. I'll agree that using the method to reduce the amount of expensive steel needed for a given size knife can be useful, though I'd argue that there was still potentially a loss of toughness in some cases. Does it matter? I dunno. To me it does. To someone else? Maybe not.
Differential heat treat can achieve the soft spine with hard edge, if that's seen as beneficial....using monosteel.