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keel
Ledger
65,275,885
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
25.56 USDC (shortened; full value 25.567773708195180827528479509583805031412149865806 USDC)Limited by liquidation depth
Depth within 5%
buy49.11 USDC (shortened; full value 49.1196958912121181446376855772 USDC)sell25.23 USDC (shortened; full value 25.231180678494581555975267829261243421230530933893 USDC)
Cost to move +50%
Not reachableThe order book cannot reach the target
Checks
5 triggered3 not evaluated

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Lower at the end of the window than at its start

Lowest
0.99204094 USDC (shortened; full value 0.9920409496827903 USDC)
Highest
0.99875 USDC
2026-10-27T00:54:23Z — 2026-11-03T00:10:04Z
Mid price
0.99359844 USDC (shortened; full value 0.9935984401176256 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_CONFLICT90 of 169
Extreme spreadnowSPREAD_EXTREME90 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.

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

Largest holder
59.3247 % (shortened; full value 59.32475527342056796988755695 %)
Top ten holders
98.0484 % (shortened; full value 98.04849620426727307798550831 %)
Concentration index
4,062.80 (shortened; full value 4062.8085981460998985146249192975807940288704358340265931)

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