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The article does not support the claim made in the title. Similar claims have been made many, many times. They never come to pass. A better approach to this topic would be to acknowledge the failure of earlier prophets and explain what's actually different this time.

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The author failed to cite hard numbers, but they can be found elsewhere:

https://markets.businessinsider.com/news/currencies/dollar-d...

"In a Monday note, strategists Joana Freire and Stephen Jen calculated that the greenback accounted for about two-thirds of total global reserves in 2003, then 55% by 2021, and 47% last year."

You can make the argument that the decline of this number will be a lot slower than 2021-2022 going forward, or that it will perhaps bottom out at a relatively high number. But the trend is there.

Political instability driving a default would be pretty different.

Tea party tried to do that a decade ago. What’s different this time?

An actual default would be different. The US doesn't have anything like the wiggle room it had last time.

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