I already know about MICA but I'll check STABLE, as well. What I highlighted was also about the stablecoins backed by digital assets not just the US dollar. Additionally I question whether they will be acknowledged as stablecoin or digital asset when the existing fiat currencies are digitalized. Thanks for nice inquiry 😌
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Afaik crypto-backed stablecoins are regulated under MICA, and would be under STABLE because the law has enormous scope.
Still unsure of what you mean by "when the existing fiat currencies are digitized". Fiat has been digitized for decades now: the number on your bank account do not represent actual paper reserves, you also have service like PayPal and CashApp that transfer digital fiat all day.