I think these headlines always overstate the ambition and impact of new currencies and new currency agreements. The USD will not be replaced by any non-US curre

I think these headlines always overstate the ambition and impact of new currencies and new currency agreements. The USD will not be replaced by any non-US currency , but its market share of transactions will decrease relatively as other countries hedge against the risk of future weaponisation of the dollar against them or their trading partner. This is the inevitable consequence of using the dollar as an instrument of foreign policy, rather than an neutral medium of exchange