Python3, 136 bytes:

import re
f=lambda x:x.translate(str.maketrans({'{':'[','}':']','[':'',']':''}))if x==(x:=re.sub('\[([\w\{\}]+)*\]','{\\1}',x))else f(x)

Try it online!Try it online!

Python3, 136 bytes:

import re
f=lambda x:x.translate(str.maketrans({'{':'[','}':']','[':'',']':''}))if x==(x:=re.sub('\[([\w\{\}]+)*\]','{\\1}',x))else f(x)

import re
f=lambda x:x.translate(str.maketrans({'{':'[','}':']','[':'',']':''}))if x==(x:=re.sub('\[([\w\{\}]+)*\]','{\\1}',x))else f(x)

Try it online!

Python3, 136 bytes:

import re
f=lambda x:x.translate(str.maketrans({'{':'[','}':']','[':'',']':''}))if x==(x:=re.sub('\[([\w\{\}]+)*\]','{\\1}',x))else f(x)

import re
f=lambda x:x.translate(str.maketrans({'{':'[','}':']','[':'',']':''}))if x==(x:=re.sub('\[([\w\{\}]+)*\]','{\\1}',x))else f(x)

Try it online!