The recent crash was less volatile than previous crashes, and lasted half as long. There were also more factors than just the stable coin crash, there was also the FTX scandal, and silicon valley bank collapse which had ripple effects in the economy.
Still though, the resulting crash was half as long and not as severe as previous crashes.
I’m not saying you’re wrong about stable coins, but saying the entire crypto economy depends on that, while BlackRock has pushed the SEC to allow for Spot ETFs, is an exaggeration.
I’m not even going to say this is a morally good thing. I hate BlackRock because they are the mainstream/institution. But that level of support shouldnt be taken lightly