Has the Chinese yuan's rise in global usage hit a wall?

It is widely known that global use of China's currency, the yuan, rose substantially in 2023–24 following Russia's invasion of Ukraine, as sanctions and the related reordering of Russian trade drove geopolitical tailwinds to the yuan, also known as the renminbi (RMB). What is less known—and contrary to headlines that China is "ditching" the dollar and that the Chinese yuan is "taking over the dollar's role" —is that the yuan's momentum has faded. By some important measures its international use

Source: Peterson Institute (PIIE)