One thing this op-ed is not mentioning and that is becoming a stronger motivator for many countries to find an alternative global currency is the abusive use of

One thing this op-ed is not mentioning and that is becoming a stronger motivator for many countries to find an alternative global currency is the abusive use of economic sanctions that started with the Obama administration, and almost spiraled out of control under Trump. If any bank wants to transact with dollars inside or outside the US, it needs to either open "an account" with the federal reserve, or work with a bank which has one as an intermediary. If a company ignores sanctions put in place by the US against another country, industry, company or people, their bank is liable, and can have its license to transact with dollars suspended, essentially cutting it off from the global economy. Back when the US believed in multilateralism and concentration with its allies, sanctions were perceived more positively that they are today in the America first and alone era.