1. Introduction: The Nigerian Naira has been facing volatility for years, but there may be a revolutionary solution on the horizon. The Central Bank of Nigeria (CBN) has been working on a pilot program for the e-Naira, which could not only provide a more efficient and secure payments system but also have the potential to stabilize the Naira. However, the CBN could take this to the next level by partnering with leading cryptocurrency exchange Binance and stablecoin issuer Tether. Together, they could create a stablecoin that is not only backed by reserves, but also widely used and accepted. 2. The e-Naira's potential: The e-Naira is a digital version of the Naira, backed by the CBN, which guarantees that the value of the e-Naira is equivalent to the physical Naira. It is designed to increase financial inclusion and to create a more efficient and secure payments system in Nigeria, leveraging digital technologies such as blockchain and smart contracts. By working together with Binan...
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