Create a managed package with translations for the global value set.
After installing the package in the subscriber org upgrade the package to validate the behaviour by following the below steps
Reproducible Steps:
As a workaround, if there is a requirement to set the translation value to blank (null), it is recommended to update the translation value to null again after the package upgrade.
It has been observed that the override occurs on the first null update following the upgrade, and subsequent updates to set the value to blank are retained as expected.
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