Global Money Flow &
Extraction Tracker

Every time money crosses a currency boundary, intermediaries extract fees. This dashboard makes the extraction visible.

EXTRACTED SINCE YOU OPENED THIS PAGE
$937,440
~$252,000/sec across all rails · ~$21.8B/day
SWIFT MSG/DAY
53.3M+
617/sec
STABLECOIN SUPPLY
$313B
+0.19% 24h
Updated <1 min ago
DAILY VOLUME
$121B
on-chain
Updated <1 min ago
REMITTANCES/YR
$905B
2024
CROSS-BORDER REV
$240B
2022, McKinsey
PART 1

The Extraction

SWIFT, banks, card networks, remittance providers — every rail extracts fees. None of it is necessary anymore.

Bank Fee Stack

Transfer: $10,000
$10KSENTWire / transfer fee$43FX markup (hidden)$300Intermediary bank$65Receiving bank$30Compliance / processing$33RECEIVED$9.5K
TOTAL EXTRACTED$290—650 (2.9—6.5%)

Remittance Cost by Provider

Banks14.55%Post offices7.71%MTOs5.04%Mobile ops4.97%Digital MTOs3.55%Avg 6.49%SDG 3%Source: World Bank RPW Q1 2025
Average total cost (fee + FX markup) to send $200 by provider type. Banks charge 4x more than digital alternatives.

Daily Extraction by Rail

RailVolumeRateExtraction
● SWIFT / Banks$150T/yr3-5%$12-30B
● Remittance$905B/yr6.49%$162M
● Card Networks$4-5T/yr2.5-4.4%$300-660M
● Stable Off-ramp$0.5-1.5T/yr2-5%$40-250M
TOTAL~$21.8B

SWIFT Growth 2020-2025

'20'21'22'23'24'250B4B8B12B16B
13.4B+ in 2024 · Record 68M single day · 2025 est.
Programmable money is growing. But so is the analogue rail it was supposed to replace. If stablecoins moved $33T, why is SWIFT setting records? Because the off-ramp still routes through banks.
PART 2

$33T On-Chain, Zero FX

Stablecoins processed $33T on-chain in the past year. Almost none of it involved a currency conversion. Every off-ramp still routes through banks.

Stablecoin Volume Growth

16x growth in 5 years · $33T annualised (2025)
'20'21'22'23'24'25$0T$9T$18T$27T$36T
Source: CoinGecko, Artemis, Visa-Allium · USDT + USDC on-chain volume

Net On-Ramp (Last 12 Months)

Monthly supply growth showing $335B total supply in stablecoins
JFMAM2J2J3A2SOND$0B$4B$8B$12B$16B
$100B+ new fiat · All needs to off-ramp· Updated <1 min ago

Live Transfer Feed

Sol288,673 USDT→ Binanceoff-ramp
Sol178,612 USDT→ Bybitoff-ramp
Arb489,839 USDT→ HTXoff-ramp
Tron304,174 USDT→ Bybitoff-ramp
Tron476,656 USDT→ Krakenoff-ramp
Arb49,029 USDT→ OKXoff-ramp
Polygon373,704 USDC→ Gateoff-ramp
ETH330,523 USDT→ HTXoff-ramp
Arb436,366 USDT→ Krakenoff-ramp
Arb130,271 USDC→ Bybitoff-ramp
ETH242,204 USDC→ HTXoff-ramp
BSC6,073 USDT→ Coinbaseoff-ramp
Tron458,475 USDC→ HTXoff-ramp
BSC126,089 USDT→ OKXoff-ramp
Source: Bitquery on-chain transfer data
CORRIDORS

Global Flow

Where USD stablecoins flow globally and what it costs to off-ramp at each destination.

USD STABLECOIN FLOW MAP
Source: World Bank Remittance Prices Worldwide, IMF, national central banks

FX Leakage by Country

Argentina🇦🇷5-13%Argentina: 5-13% off-ramp costArgentina: 5-13% off-ramp costNigeria🇳🇬6-11%Nigeria: 6-11% off-ramp costNigeria: 6-11% off-ramp costTurkey🇹🇷4-7%Turkey: 4-7% off-ramp costTurkey: 4-7% off-ramp costIndonesia🇮🇩4-6%Indonesia: 4-6% off-ramp costIndonesia: 4-6% off-ramp costBrazil🇧🇷2-5%Brazil: 2-5% off-ramp costBrazil: 2-5% off-ramp costPhilippines🇵🇭3-5%Philippines: 3-5% off-ramp costPhilippines: 3-5% off-ramp costIndia🇮🇳2-4%India: 2-4% off-ramp costIndia: 2-4% off-ramp costSingapore🇸🇬0.5-1.5%Singapore: 0.5-1.5% off-ramp costSingapore: 0.5-1.5% off-ramp cost

Top 10 Remittance Corridors ($B/yr)

UK→NG$3B8.5%V.HighUS→NG$4.5B7%V.HighSA→EG$5B6%HighDE→TR$6B5.5%HighUS→BR$5B5.5%HighUS→VN$3B5.5%MedUS→CO$5.5B5%HighSG→ID$3.5B5%HighUS→CN$14B4.5%LowUS→SV$4B4.5%HighBars = volume % = avg costSource: World Bank Bilateral Remittance Matrix 2024Stable relevance: V.HighMed Low

Off-Ramp Cost by Country

Argentina🇦🇷5—13%Nigeria🇳🇬6—11%Turkey🇹🇷4—7%Indonesia🇮🇩4—6%Philippines🇵🇭3—5%Brazil🇧🇷2—5%India🇮🇳2—4%Singapore🇸🇬0.5—1.5%Hatched = low end Light = high end Source: Binance P2P, Indodax, CriptoYa, StraitsX
PART 3

Why It’s Still Broken

Non-USD stablecoins barely exist. The revenue pool incentivises keeping it broken. And every major exchange still funnels you back through banks.

Non-USD Stablecoins: ~$0.7B vs $305B

EURC$462.1MEURS$153.3MJPYC$18.5MXSGD$13.7MIDRT$10.5MTRYB$5.8MGYEN$5.1MEURA$3.5MBRZ$1.7MIDRX$1.1M
~$0.7B total · <0.4% of stablecoin market· Updated <1 min ago
Non-USD stablecoins total under $1B — less than 0.4% of the $305B market. There is almost no on-chain liquidity for local currencies.

$240B Revenue Pool

FX Margins
$96B
40%
Wire Fees
$48B
20%
Card Fees
$43B
18%
Remittance
$29B
12%
Correspondent
$17B
Compliance
$7B
McKinsey 2022 · Projected $320B by 2030
Banks, networks and intermediaries extract $240B/yr from cross-border payments. FX markup alone is $96B. They have no incentive to fix this.

Off-Ramp Leaderboard

#1Binance$15.5B/day40+ fiats
#2OKX$3-5B/day30+ fiats
#3Coinbase$2-3B/day10+ fiats
#4Bybit$2-3B/day20+ fiats
#5Kraken$1-2B/day7 fiats
#6KuCoin$~1B/day15+ fiats
#7HTX$~0.8B/day12+ fiats
#8Gate.io$~0.5B/day10+ fiats
Directional ranking · No exchange discloses fiat withdrawal volume
Even the largest crypto exchanges just convert your USDT to fiat and withdraw through bank rails. Same system, different front door.

Off-Ramp Fee Simulator

You hold USDT. You want IDR. Here's what it costs.
Select Currency
Amount
Off-ramp: 10,000 USDT→ 🇮🇩 IDR
Mid-market: IDR 162,250,000
What is FX spread? The gap between mid-market rate and the rate you get. Every conversion has it — banks, Wise, P2P, Sera. It is the cost of providing liquidity, not a fee. Typically 0.1—0.5% depending on the pair.
Current off-ramp$9,400 — $9,600
Crypto fees + banking fees + FX markupIDR 152,515,000 — 155,760,000
94.0—96.0%
4.0—6.0%
P2P spread (sell USDT)$200–$400
Blue dollar / parallel gap$100–$200
Exchange withdrawal$30–$50
Bank incoming fee$0–$50
FX spread (~0.4%)$40
Total lost$400—$600
5 IDR stablecoins active (XIDR, IDRX, IDRT, IDDR, IDRP). Regulated exchanges have tighter spreads.
On-chain FX$9,960
No intermediaries · No banking rail · FX spread onlyIDR 161,601,000
99.6%
FX spread only
FX spread only ($40) · Zero gas · Zero fees
+$360 — $560
saved per 10,000 USDT off-ramped to 🇮🇩 IDR
It’s time to bring FX on-chain.
INSTANT · NO INTERMEDIARIES · LOW COST · TRANSPARENT