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keel
Ledger
65,295,145
Methodology
1.0.8-draft
Age
7s

USDT against USDC — what depth stands behind this price?

All assets

USDT / USDC

GCQT…TG6V

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
0 USDCLimited by manipulation cost
Depth within 5%
buy10.65 USDC (shortened; full value 10.6565220772034865047724518547 USDC)sell10.86 USDC (shortened; full value 10.860975380623220761285466168004323134140905099528 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
7 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.

Unchanged across the window

Lowest
0 USDC
Highest
0.0033 USDC (shortened; full value 0.00332467575 USDC)
2026-10-05T03:54:27Z — 2026-10-25T22:54:23Z
Max safe collateral
0 USDC
500 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
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Price sources disagreenowPRICE_SOURCE_CONFLICT418 of 500
Extreme spreadnowSPREAD_EXTREME418 of 500
Nothing tradable within 2%ZERO_DEPTH_2PCT82 of 500

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.

Read cost together with reachability: a figure on an unreachable rung says how far the book goes, not what the move costs.

Cost to move the price by each delta, through all venues and through the order book alone, with whether the target is reachable at all.
MoveTarget priceCost, all venuesCost, order book only
+50%0.164628 USDC (shortened; full value 0.1646280326097354 USDC)96.98 USDC (shortened; full value 96.982840867744193158869708542 USDC)free to reach
+100%0.219504 USDC (shortened; full value 0.2195040434796472 USDC)210.74 USDC (shortened; full value 210.7431575858369372316290865325 USDC)31.99 USDC (shortened; full value 31.99999981696644 USDC)
+1,000%1.207272 USDC (shortened; full value 1.2072722391380596 USDC)15,060.49 USDC (shortened; full value 15060.4933200493394583390776330931 USDC)14,060.81 USDC (shortened; full value 14060.81376339398233 USDC)
+10,000%11.084954 USDC (shortened; full value 11.0849541957221836 USDC)17,966.05 USDC (shortened; full value 17966.0536996895507730986657131664 USDC)14,060.81 USDC (shortened; full value 14060.81376339398233 USDC)

Reachability on the all-venues ladder is unconditionally true whenever an active pool exists, because a constant product curve has no upper price bound. The order-book-only column is the one that answers whether a target is attainable, and it is the one Keel itself uses.

Highest price the book can reach
not computed

Absorbing every ask. Not computed when an active pool exists, because a constant product curve has no highest price

Cost to reach it
not computed

Every ask below that price. Catches an attack that lands between two rungs of the ladder