Closing the yawning gap between the official and black market exchange rates is central to a reform programme agreed with the International Monetary Fund last year.
LUMS leverages the 5 million STX tokens, worth US$ 4.1 million, donated by Stack, to build a novel academic programme for blockchain, cryptocurrencies, distributed-ledger technology and more.
The official exchange rate had previously stood at 55 pounds to the dollar, while the black market rate had been fluctuating recently between 350 and 400 pounds.