Cryptocurrency adoption has rocketed in recent years, but what are the tokens that most people hold? By looking at the leading digital currencies held in wallets, we can work out why these users choose each option.
Stablecoins to Avoid Devaluation and to Get Paid
Stablecoins like Tether (USDT), USD Coin (USDC), and Dai (DAI) have provided some of the most spectacular financial success stories of recent times. Designed to be linked to the value of a real-world asset such as the US dollar or euro, they offer a way for us to avoid the dangers of rising inflation and devaluing currencies.
With many people over the planet now working remotely online for international companies, this is also a convenient way to receive payment for a fixed sum that won’t lose any value through the conversion process. Indeed, stablecoins are designed to be used readily, while some cryptos (such as Bitcoin) tend to be stored instead. According to wallet provider Lemon, stablecoins are among the most used kinds of currencies in Argentina.
That’s not necessarily the case the world over, but it’s notable how much stablecoins are becoming a part of everyday life in some places, attracting interest worldwide.
Bitcoin As a Store of Value and for Payments
The report we just mentioned pointed out that the original cryptocurrency is still the most popular in many places. The Bitcoin (BTC) network was kick-started in 2009 and quickly gained traction as a way to hold funds that aren’t subject to the inflationary pressure that virtually all fiat currencies have been under.
In fact, BTC rapidly became a store of value that has risen impressively since those early days. However, if we go back to the coin’s origins, we can see that Bitcoin was created mainly as a means of digital exchange, allowing us to pay for products and services securely.
This remains an interesting use case, as physical stores and online businesses can accept BTC as a simple payment method. This Bitcoin casino Canada site lets us see how the leading cryptocurrency can be used in new ways, too. Players can fund their playing time on slots and a variety of table games just by transferring funds from their own wallet to the casino’s wallet. Some of the games adopt a crypto theme, while others are based on classic casino themes.
The casino’s payments page raises the interesting question of whether other cryptos could take over Bitcoin’s top spot, since Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) are among the other tokens accepted. They all offer the same fast speed and security as BTC, although it could be argued that some of the other currencies have included enhancements that make them even better for instant transfers than Bitcoin.
This explanation of how to play Plinko games using crypto shows how these currencies are being used on more niche types of games, too.
Ethereum and Other Tokens
As the second biggest cryptocurrency in the market, it’s no surprise to see that Ethereum (ETH) takes up a strong position, with over 110 million unique wallet addresses. People generally buy and hold this token because they believe that the Ethereum network provides a strong, stable infrastructure for the future digital economy.
Ethereum is where many smart contracts and stablecoins are created, meaning that it’s vital to the future of this sector. This report from CNBC from earlier in 2025 suggests that the ten-year-old network is going to keep growing, thanks to strong institutional support and the demand for stablecoins issued on it.
It’s no surprise that other leading tokens like Solana (SOL) and XRP are among the top assets held worldwide. With the market growing all the time, there are now thousands of digital currencies to choose from. Since many users now have several years of experience in this market, they have decided to diversify over time and buy different tokens that provide alternative use cases.
The recent rise in price of Zcash (ZEC) is an example of how currencies can rally and gain massive attention in a relatively short period of time. In this case, it’s the feeling that the enhanced privacy features offered by ZEC could make it a rival to BTC. It has the same 21 million supply as Bitcoin and is equally decentralized, but the use of the zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge) mechanism means that it has caught the eye of privacy-focused users.
The huge variety of coins held in digital wallets reveals the different ways that people now use these tokens. Some are held as a store of value, and others to avoid currency devaluation, while some simply provide a straightforward way to make or receive payments online without any fuss, whether making a purchase or playing games at an online casino. Many people are watching with interest to see where cryptocurrencies will go next.