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keel
Ledger
65,276,605
Methodology
1.0.8-draft
Age
6s

USDGLO against USDC — what depth stands behind this price?

All assets

USDGLO / USDC

GBBS…S6XV

Risk band

High

partial confidence

A floor: the real band can only be worse.

Max safe collateral
25.57 USDC (shortened; full value 25.57879439005840850911807623042122627134235227539 USDC)Limited by liquidation depth
Depth within 5%
buy49.13 USDC (shortened; full value 49.1303667601330946168500622882 USDC)sell25.24 USDC (shortened; full value 25.242056275973848139771415481381318600766049872045 USDC)
Cost to move +50%
Not reachableThe order book cannot reach the target
Checks
5 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
22.78 USDC (shortened; full value 22.7810443191040863781242253922843717011060058921145 USDC)
Highest
47.16 USDC (shortened; full value 47.1613534300852856546376598134436077307423439114325 USDC)
2026-10-27T01:54:23Z — 2026-11-03T01:09:24Z
Max safe collateral
25.56 USDC (shortened; full value 25.567545796042680566661974010938102257808383758132 USDC)
169 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.
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Price sources disagreenowPRICE_SOURCE_CONFLICT91 of 169
Extreme spreadnowSPREAD_EXTREME91 of 169

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.

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

25.57 USDC (shortened; full value 25.57879439005840850911807623042122627134235227539 USDC)

Limited by liquidation depth

Liquidation termbinds
25.57 USDC (shortened; full value 25.57879439005840850911807623042122627134235227539 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation term
not applicable

Not applied: the critical target is not reachable through the order book.