Those who have been playing in the cryptocurrency industry for a long now would agree with me on one point that USDT is something that plays an important role in the crypto economy. To put it simply, we can say that USDT is another name for Tether which is a stablecoin linked to the US dollar. Did not get what I was saying? Well, if you put some USDT in circulation, the same amount of US dollars will be held in reserve. This ultimately gives a stable value to the USDT so that users can show more and more interest in this crypto asset. For your information, a USDT is built on the Ethereum blockchain which means you can easily add to your wallet using the MetaMask extension for its safety.
This becomes yet another good option for those crypto enthusiasts who wish to trade against market fluctuations. Hence, if you are also planning to trade this ERC-20 token, you must add it to your MetaMask wallet for increased safety.
Things you need to be ready with
Prior to learning how you can store or add USDT to your wallet with the help of the MetaMask extension, it is important that you have already set up your wallet and are all set for storing funds in it. If you have not set up your wallet beforehand, you can simply go to the official website of MetaMask and then download the MetaMask extension from there. Once the extension is added, you can just proceed by setting up a new wallet or importing an existing one.
After setting up your wallet, you can proceed with the steps as explained in the upcoming section.
Steps to add USDT to MetaMask wallet
- The procedure begins by opening the MetaMask extension or the app
- Now, unlock it by entering the correct login password
- Further, you can hit the "Add Token" option present at the bottom of the screen
- When on the new "Add token" window, choose the "Custom Token" option
- Following this, enter the USDT contract address in the "Token Contract Address" field
- The token address for USDT can be found at coinmarketcap.com
- In the "Token Symbol" field, feed "USDT" and "6" for the decimal of precision
- Thereafter, you can hit the "Next" option followed by choosing "Add Tokens"
If you are not sure that the tokens were added successfully, then you are suggested to check your balance from the MetaMask Chrome Extension dashboard. If the balance shows the availability of your USDT, then you were undeniably successful.
Concluding thoughts:
The given article clearly sheds the spotlight on how important a role USDT plays in a crypto investor's life. In case, after learning more about its significance, you feel the need to invest in it, then you should be ready with a safe haven for those tokens. And surely, there could be nothing better than the MetaMask wallet which is readily available via MetaMask extension or the app.
Since USDT is an ERC-20 token, therefore, you can easily store it in your MetaMask wallet. The process to add USDT to MetaMask has been clearly explained for your convenience.