It all depends on what you want to do with it. If you are a short-term hodler or trader, you may wish to utilize USDT due to its low fees and great volume, but if you want to hodl for a longer period of time, you must use DAI stablecoin, which is the market's sole decentralized stablecoin.
That is true, the gas fee could be high. But, is ethereum network transaction fee that high to the extent it can not be as low as bitcoin transaction fee? I am asking this question because some people are having the misconception of high bitcoin fee, but the last bitcoin transactions I made was with $0.05 fee.
I am not using ethereum, DeFi and other ERC20 tokens and NFT on noncustododial wallet, but I think ethereum and all these tokens daily transactions can cause congestion that might make ethereum network fee higher, but I do not know much about Ethereum network. But while using bitcoin people have the misconception of high fee but of which not.
This is different from what I posted in the past, it sounds similar but it's a different set of regulations entirely, mine was about CBN regulations and charges on daily deposits by individuals and cooperatives, this current CBN governor is so incompetent that all we see every day is ridiculous regulations to make life difficult for both local and international trades, how can you give EFCC incensed to watch individual finances? That's absurd; when did N5M become so large that it need investigation if it hits your account? The Lord Jesus Christ!!
You are right, that was what I meant too, that CBN even told banks to be reporting transaction above ₦5 million in the past (last year), just to answer the question SatoPrincess asked about it, that there has been nothing private at all even before. That is the reason I also replied Wiwo that it is new because our data is more to the public, I referred EFCC as the public, which is a means of how the government are enabling privacy invasion because EFCC suppose to demand from bank about this, not them having the data directly.