[dannyw]

That’s hyperbole. The USD has been losing its power as a reserve currency, continuously, for the past several decades. See: Yuan.

Modern finance still exists.

[chii]

tell me who wants to hold yuan as a currency (not just a little bit for liquidity of trading), instead of holding USD.

[sudosysgen]

The hundreds of millions sanctioned by the US are a good start.

[lebuffon]

Not so much now perhaps but a digital Yuan exists. Where that is headed is not clear but it has the possibility of disrupting the current order.