alt Hacker Newsso nobody read the article and instead regurgitated pre-existing sentiment, while forgetting the golden rule of journalism:
if an article ends in a question mark, the answer is no.
> the greenback dominated 88% of traded FX volumes — close to record highs — while the Chinese yuan (CNY) made up just 7%, according to data from the Bank for International Settlements (BIS).
> Likewise, there is little sign of USD erosion in trade invoicing. “The share of USD and EUR has held steady over the past two decades at around 40–50%.
there is currently no other alternative to meet the global liquidity demands
That first sentence starts with "In 2022,", so presumably the numbers are different now, but I couldn't find anything in the article about how things have changed in the last four years.