$XSGD, the Singapore Dollar stablecoin on @avax, typically exhibits a higher price correlation with $EURC (Euro Coin) compared to $USDT (Tether). This stronger link with EURC arises from a few key aspects:

Key data:
- $SGD & $EUR: Higher positive correlation (0.6 - 0.8) compared to SGD & USD (0.4 - 0.6), due to Singapore's economic alignment more with Europe than the US.
- $XSGD vs. $EURC: Shows higher correlation, reflecting SGD's closer ties with EUR.
- $XSGD vs. $USDT: Shows lower correlation, indicating a generally weaker relationship between SGD and USD.

https://flipsidecrypto.xyz/Lordking/xsgd-avax-s-singapore-dollar-stable-vzyHH6

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