Brazil has signed a pack with China to ditch the dollar . At this point I don't know how many countries have moved away from the dollar as accepted currency , but country after country since the U.S. banks financial situation has been exposed are rapidly dropping the dollar .
There are over 150 countries now committed to the belt and road initiative which is a collective economic system which excludes the dollar, as well as the US as a whole.
Here is the Wiki description of it. “The Belt and Road Initiative, known within China as the One Belt One Road or OBOR for short, is a global infrastructure development strategy adopted by the Chinese government in 2013 to invest in more than 150 countries and international organizations. It is considered a centerpiece of the Chinese leader Xi Jinping's foreign policy. The BRI forms a central component of Xi's "Major Country Diplomacy" strategy, which calls for China to assume a greater leadership role for global affairs in accordance with its rising power and status. It has been compared to the American Marshall Plan. As of January 2023, 151 countries were listed as having signed up to the BRI.”
Unfortunately, with the current administration’s focus on things other than economic health of the country, other nations are agreeing to trade with one another outside of the US dollar. Further, the US has been excluded from inclusion in the participation in the system. Seems like the World Reserve Currency has been misused in the minds of many countries in the world and they’re deciding that their futures might be better out of the financial control of the US.
Most recent countries to demonstrate a desire for inclusion in the belt and road initiative are Saudi Arabia, Brazil, Japan and France.
