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keel
Ledger
64,752,127
Methodology
1.0.8-draft
Age
6s

EURC against USDC — what depth stands behind this price?

All assets

EURC / USDC

GAQR…Z7NM

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
25.32 USDC (shortened; full value 25.3273407548115614146638975 USDC)Limited by manipulation cost
Depth within 5%
buy8.92 USDC (shortened; full value 8.9291892382736292610626761739 USDC)sell134.01 USDC (shortened; full value 134.016458887738900181525870032851771485783829494584 USDC)
Cost to move +50%
101.30 USDC (shortened; full value 101.30936301924624565865559 USDC)Reachable through the order book
Checks
3 triggered3 not evaluated

History

Window
Resolution
Source

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Higher at the end of the window than at its start

Lowest
24.78 USDC (shortened; full value 24.7897952634321914146638975 USDC)
Highest
25.85 USDC (shortened; full value 25.8594488101921814146638975 USDC)
2026-09-26T17:50:56Z — 2026-10-03T16:38:37Z
Max safe collateral
25.32 USDC (shortened; full value 25.3273317945414914146638975 USDC)
168 readings from horizon, with no gaps reported. One source per chart.

Checks

What fires now, how long it has been firing across the window above, and what could not run.
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Nothing tradable within 2%ZERO_DEPTH_2PCT9 of 168

Not evaluated3

  • No genuine trade in 30 days
  • No genuine trade in 7 days
  • Volume may be wash traded

Evidence

The figures behind the verdict, as the engine served them.

Both price sources, not only the one that won, and the pair that set the band.

Price used
0.62806552 USDC (shortened; full value 0.6280655246753247 USDC)

Order book mid

AMM pool spot price
0.61850505 USDC (shortened; full value 0.6185050553964346 USDC)

The pool with the largest quote reserve, reported whichever source set the price

Book against pool
1.5457 % (shortened; full value 1.54573825961087071688762238 %)

Past the methodology threshold, the pool price is used and PRICE_SOURCE_CONFLICT fires

Spread
6.7779 % (shortened; full value 6.77799491902630308156675318 %)

Best ask minus best bid, over the mid