Hedging is best understood by considering it to be a type of insurance. When someone chooses to hedge, they are protecting their finances from the effects of a bad incident. This does not guarantee that all bad things won't happen. However, the impact of a terrible incident is lessened if you have adequate insurance coverage.

Hedging happens practically everywhere in reality. You can protect yourself against fires, break-ins, and other unforeseeable tragedies by purchasing homeowner's insurance, for instance.

As a Nigerian, hedging here would mean protecting your money against the daily inflation using the USDT[https://blog.quidax.com/what-is-usdt/]. You want your money to still retain the same value it had when you first had it.

For example, if you had bought 100k worth of USDT [https://app.quidax.com/instant]on Quidax Exchange a week ago, you would have 107k naira by now. That's one way you can hedge your money in Nigeria today.