Reserve currencies are in a somewhat better position to monetise their debt without defaulting. I think this is what will happen with USD over time.
I think this is also why many governments have been on a gold buying spree for the last couple of years, and are desperately looking into alternatives to USD as a global reserve currency.
In the short term USD is still seen as a safe haven, but long term I don't think there is any other way to get rid of the $22 trillion+ debt mountain than to slowly debase the currency
The trend is known as de-dollarization. The US has been able to go into massive debt because of the reserve currency status. As we have been losing that and will continue to lose it, our standard of living will continue to drop like a rock. https://www.investopedia.com/terms/d/dollarization.asp
