Perhaps another reborn character could be the main antagonist. Say, an evil sorcerer from the past who was also reborn in the Inuyasha world at the same time as the OC. This sorcerer has his own agenda of ruling the world and sees the OC as a threat to his plans, especially if the OC is getting in the way of his attempts to gather the Shikon Jewel fragments.
It could be a new character created specifically for the fanfiction. Maybe a powerful pirate who has a vendetta against the Straw Hat crew because of the oc's presence. Since the oc is reborn into this world, they might bring some sort of change that angers this new antagonist.
Maybe there is a new character created specifically for this fanfiction as the main antagonist. This new character could have a connection to the oc's past life or the reason for their rebirth. They might be trying to prevent the oc from fulfilling a certain destiny or unlocking their full potential.
Another possibility could be an original antagonist created specifically for the fanfiction. For example, a powerful sorcerer from a hidden dimension who sees the OC's rebirth as a disruption to the natural order of the MCU universe. This sorcerer could try to eliminate the OC and use their power for their own dark purposes. They might be able to manipulate magic in ways that even Doctor Strange hasn't seen before, making them a formidable foe.
Lex Luthor could be a main antagonist. If the oc is trying to promote a new form of clean energy or something positive in Metropolis, Lex would see them as a threat to his own power and business interests. He'd use his intelligence and resources to try and stop the oc.
It could be an ancient evil entity that has been sealed away for centuries. The OC's rebirth somehow disturbs the seal, and this entity awakens. It views the Fairy Tail guild as a threat because of their positive influence in the world. So, it starts to target the guild, and especially the OC, as they are a new and unknown factor in the fight against it.
It could be an old - fashioned vampire who believes in the strict hierarchy and doesn't want any new elements, like the reborn oc, to disrupt the status quo. They might see the oc as a threat to their power and influence in the vampire community.
The main antagonist could be a powerful Aogiri Tree member. They might see the oc as a threat to their plans of overthrowing the CCG and taking over the Tokyo Ghoul world. This antagonist could constantly send other ghouls to attack the oc, trying to either kill or convert them to their side.
It could be a powerful ninja who has become corrupted by the idea of the descendant's powers. He wants to steal those powers for himself to gain ultimate control over the ninja world. Maybe he has a deep - seated envy of the unique combination of abilities the descendant has.
It could be a powerful ninja - demon hybrid. This antagonist could be jealous of the bond between Naruto and Inuyasha. He wants to use their combined power for his own evil purposes. So, he tries to turn them against each other first by spreading false rumors and then by attacking their loved ones.
A new, original villain created just for this fanfic could be the main antagonist. This villain could be a powerful sorcerer who has been observing the Avengers from the shadows. When the OC is reborn, they sense a disruption in the magical balance of the world. Believing the OC to be a threat to their own plans of ruling the world through magic, they set out to eliminate the OC and in the process, come into conflict with the Avengers.