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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

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
0.10947711 USDC (shortened; full value 0.1094771163583648 USDC)
Highest
0.11379409 USDC (shortened; full value 0.1137940923392707 USDC)
2026-10-28T23:54:23Z — 2026-11-04T02:54:24Z
Mid price
0.10947711 USDC (shortened; full value 0.1094771163583648 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
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
Price sources disagreenowPRICE_SOURCE_CONFLICTthroughout
Extreme spreadnowSPREAD_EXTREMEthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
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.

Both price sources, not only the one that won, and the pair that set the band.

Price used
0.10975202 USDC (shortened; full value 0.1097520217398236 USDC)

AMM pool spot price, because the book and the pool disagree or the book is one-sided

AMM pool spot price
0.10975202 USDC (shortened; full value 0.1097520217398236 USDC)

The pool with the largest quote reserve, reported whichever source set the price

Book against pool
41.0651 % (shortened; full value 41.06514626857464112716924031 %)

Past the methodology threshold, the pool price is used and PRICE_SOURCE_CONFLICT fires

Spread
99.9011 % (shortened; full value 99.9011209651510020350924666 %)

Best ask minus best bid, over the mid