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keel
Ledger
64,751,947
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 25.3273317945414914146638975 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 101.30932717816596565865559 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
24.82 USDC (shortened; full value 24.8215555592615489146638975 USDC)
Highest
25.32 USDC (shortened; full value 25.3279918374783314146638975 USDC)
2026-09-26T23:50:56Z — 2026-10-03T16:23:37Z
Max safe collateral
25.32 USDC (shortened; full value 25.3273316854915514146638975 USDC)
8 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

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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
3.76 USDC (shortened; full value 3.7695469877063489056460449474 USDC)
Sell side
0.51 USDC (shortened; full value 0.513407717084301904852994999170141767084646386777 USDC)

5% from mid

Buy side
8.92 USDC (shortened; full value 8.9291892382736292610626761739 USDC)
Sell side
134.01 USDC (shortened; full value 134.016458887738900181525870032851771485783829494584 USDC)

10% from mid

Buy side
16.15 USDC (shortened; full value 16.1505039588518266915476943581 USDC)
Sell side
139.55 USDC (shortened; full value 139.55384171149257883691726935264636571134016408972 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.