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How to add USD Coin (USDC) to MetaMask
USDC is a popular choice for Ethereum users because it is a stablecoin, meaning that its value is pegged to the US Dollar. This makes it a great way to store value on the Ethereum blockchain without having to worry about volatility.
Adding USDC to your MetaMask account is incredibly simple and can be done in four easy steps.
- Step 1: Log in to your MetaMask account or download it and create a wallet.
- Step 2: Once signed in, select the 'import tokens' button at the bottom of your Wallet extension.
- Step 3: You will then get taken to the 'Import Tokens' page. Enter 'USDC' into the search field and select 'USD Coin (USDC).
- Step 4: Once you select USDC, you can click the 'Import Tokens' button to add it to your MetaMask wallet.
What is USDC?
USDC is a digital dollar stablecoin that is backed by the US Dollar. It is fully collateralized 1:1 with USD and issued by regulated financial institutions, making it a trustless and transparent way to store value on the Ethereum blockchain. USDC is an ERC20 token, which means it can be stored in any ERC20-compatible wallet, such as MetaMask.
How to send USDC to MetaMask
Sending USDC to your MetaMask is easy and can be done from any centralized exchange. In this example, we will use Binance as the exchange we send USDC from to our MetaMask Wallet.
The steps will be the same whether you use Coinbase, Binance, FTX, or another exchange.
- Step 1: Buy USDC on your local exchange.
- Step 2: Visit the 'Wallet' or 'Assets' page on your exchange and find the USDC token.
- Step 3: Now you will need to create a Metamask Account and copy your Metamask Wallet address.
- Step 4: Copy and paste that address into the USDC withdrawal field below that is highlighted in red.
- Step 5: Once you confirm your transaction, your USDC will arrive in your MetaMask Wallet within 10 minutes.
Import USDC to MetaMask
If you need to import the USDC address directly to your MetaMask Wallet, you need to be sure that you're using the verified smart contract address.
The verified USDC address to import into MetaMask can be found on Etherscan.
Final Thoughts
Adding USDC to MetaMask is a simple and safe way to store value on the Ethereum blockchain. With USDC, users can take advantage of the stability of a fiat currency without having to worry about volatility. The steps outlined above will help you add USDC quickly and safely.
By following our guide, you can be sure that you are adding the verified USDC contract address to your MetaMask or alternative web 3 wallet.
