Can you tell me single major currency that hasn't debased against USD? There's no challenge for dollar currently and there's no currency that's outspeeding it right now.
The article does not mention that there is a currency that is competing with the dollar, so there is a fear of de-dollarization, it is talking about the fact that there are many countries that are abandoning their holdings in dollars and looking for alternatives, this is the de-dollarization it talks about, not a depreciation.
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I'm talking about the adoption of another currency as an alternative to USD.
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