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keel
Ledger
64,752,487
Methodology
1.0.8-draft
Age
6s

EURC against USDC — what depth stands behind this price?

All assets

EURC / USDC

GDHU…NPP2

Risk band

Medium

partial confidence

A floor: the real band can only be worse.

Max safe collateral
13,556.56 USDC (shortened; full value 13556.561870310515873050041780680182504686530876983347 USDC)Limited by liquidation depth
Depth within 5%
buy103,743.84 USDC (shortened; full value 103743.8405711717868157943058549162 USDC)sell25,739.66 USDC (shortened; full value 25739.665271999753441040913007908959077758444814507474 USDC)
Cost to move +50%
104,646.76 USDC (shortened; full value 104646.7604683629542072136546 USDC)Reachable through the order book
Checks
1 triggered3 not evaluated

Collateral ceiling

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

Lower at the end of the window than at its start

Lowest
3,283.90 USDC (shortened; full value 3283.905465017019143302785236810279118822786632465036 USDC)
Highest
77,574.10 USDC (shortened; full value 77574.100178546551345 USDC)
2026-09-11T17:47:56Z — 2026-10-02T10:38:37Z
Max safe collateral
40,207.29 USDC (shortened; full value 40207.298621694562285360350930010144533635832818530013 USDC)
498 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.
Thin depth at 5%nowTHIN_DEPTH_5PCT349 of 498

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.

Concentration and wash trading bound how much of the depth is real.

Largest holder
28.9989 % (shortened; full value 28.99894572535925451170126249 %)
Top ten holders
72.6714 % (shortened; full value 72.67141270929772972718267112 %)
Concentration index
1,475.06 (shortened; full value 1475.0638590608101288871222101658253514133012109249827292)

Herfindahl–Hirschman, over the holder distribution

Volume excluded as not genuine
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used

Volume to supply, 30 day
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used

Last genuine trade
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used