Edit: Proof of concept here
I strongly recommend this project, USB IP. It is a way of connecting USB devices over the network. There is a Windows client.
What this means is, you install the client on your Windows computer.
This device then expects to talk to a USB device connected to a Linux computer, the server:
What you now do, is either create a fake device driver for Linux, that looks like is connected to a physical USB device, but in reality is just logic pretending to be your USB device. There are tutorials for writing USB drivers for Linux. Or you create your own stub driver for the Device Control Manager (see picture above). This stub driver could run on Windows or Linux, it wouldn't matter. It could even run on the same Windows machine which is the USB client.
The DSF USB Loopback Device mentioned in the question itself, would be the same kind of solution as a stub driver for the Device Control Manager, but taking Linux out of the picture altogether.
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