As a side note. All money is borrowed. That's how money gets created! Short explainer video by the great late David Graeber
If "money" is the some function of all outstanding credit, then yes, it is created (mostly) by bank lending
If you define money as a web of trust then it is mostly created by those that create the rules. The state
Second, not all money is created via borrowing (but the vast majority is!)
And the YouTube video you linked to is very confused even about the money that is created via borrowing.
Government debt is not required to create money. The Bank of Japan bought stock ETFs to get 'freshly printed' money into circulation. ('Freshly printed' in scare quotes, because these days it's just entries in a database.) Another example: Singapore's central bank (MAS) does not use Singapore government debt to create Singapore dollars; I'm not even quite sure they would even be allowed to.
You can say that money itself is a debt of the central bank; and that's sort-of true, but it's not what David Graeber talks about.
A bit of a pedantic last point: silver coins or bitcoin also require no borrowing to create. Silver coins have been used as money, bitcoin could conceivably be used as money. (There are other problems with these options, but that's besides the narrow point.)
Bitcoin is NOT a form of money. Silver coins do require a debt, which is taxes people owe which they can use the silver coins to pay.
Graeber wrote about money in great detail in Debt the First 5000 years.