It is necessary to copy the contract address of the USDC (USD Coin) token and import it as a custom token in MetaMask in order to use it.
Make sure you’re connected to the “Ethereum Mainnet” network in order to use USDC.
You should be connected to the “Ethereum Mainnet” by default.
If this isn’t the case, you’ll have to select it from the network dropdown box.
When you paste the contract address, the USDC token symbol and decimal will be pre-populated.
If you’re not connected to the Ethereum Mainnet, this field will not be filled in for you automatically.
Following are the steps for incorporating the USDC into MetaMask:
1. Copy USDC’s contract address
The first step is to copy the contract address from the USDC website.
Adding USD Coin (USDC) to MetaMask does not happen by itself.
As a result, you’ll need to create a custom token for it.
Copying its contract address is necessary before adding it as a token.
To do so, type “USDC” into CoinMarketCap.com and hit enter.
The contract address can be copied by clicking on the duplicate icon under “Contracts” once you’ve arrived at the “USD Coin” page.
CoinMarketCap has a page dedicated to “USD Coin” at https://coinmarketcap.com/currencies/usd-coin/.
The MetaMask logo can also be used to add USDC to your wallet.
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2. Unlock your MetaMask wallet
In order to access your MetaMask wallet, you must first unlock it.
MetaMask is required if you haven’t already.
To install MetaMask, you must first open Chrome.
You can install MetaMask here after you’ve opened Chrome.
A new wallet must be created by following the on-screen instructions if you do not already have one.
When you create a wallet, you’ll need to enter a password.
Additionally, you’ll be given a secret recovery phrase to keep in a safe place.
In the event that you already have a wallet, you can either enter your password or import it using the secret recovery phrase.
3. Click on “import tokens”
A custom token called USDC must be imported into your MetaMask wallet after you unlock it.
However, you must first ensure that you are connected to the “Ethereum Mainnet.”
Due to the fact that USDC uses the Ethereum blockchain, this is why.
Ethereum Mainnet should be selected by default.
If it isn’t, select it from the drop-down menu in the network drop-down box.
Importing tokens is the final step, so scroll down and click on “import tokens.”
4. Paste USDC’s contract address
The “Search” tab will appear after you’ve clicked on “import tokens.”
Once you’ve clicked the “Custom Token” tab, you can begin the process of creating a new token.
The “Token Contract Address,” “Token Symbol,” and “Token Decimal” fields are now visible.
In the “Token Contract Address” field, paste the contract address you copied from step #1.
The “Token Symbol” and “Token Decimal” fields will be filled in automatically after you paste the contract’s address.
Having the right network is why this is happening (Ethereum Mainnet).
The fields will not be pre-filled if you are connected to the incorrect network.
You can now go ahead and include USD Coin (USDC) in MetaMask by clicking on “Add Custom Token”.
5. Send or receive USDC
USDC will be added to your MetaMask wallet after you’ve clicked “Add Custom Token.”
In the “Assets” tab, you’ll find it.
On MetaMask, you can now send and receive USDC.
Under the “Assets” tab, select “USDC” from the drop-down menu.
Next, click “Send” and paste the recipient’s email address into the field.
You must copy your wallet address in order to receive USDC.
As long as your wallet’s name is visible, you can simply click the “Duplicate” button (e.g. Account 1).
You’ve learned how to add USDC to MetaMask successfully!
Conclusion
Unlike other stablecoins, USD Coin (USDC) has a 1:1 exchange rate with the US dollar.
Centre, a consortium founded by Circle, is in charge of the coin’s management.
Coinbase and Bitmain are both members of Circle, which is a group of cryptocurrency enthusiasts.
There will be 52.6 billion USDC in circulation at the beginning of 2022.
People’s attitudes toward money have been radically altered by USDC.
Like the internet, it can be exchanged in the same way as we do with content.
In addition, USDC is less expensive and more secure than current payment methods.
It’s possible to store your USDC in an interest account like BlockFi instead of your MetaMask wallet.
The interest rate offered by BlockFi on USDC is 8.75 percent per year.
This link will take you to the BlockFi website, where you can create an account by entering your email address and password. and make a deposit there using your USDC.
To purchase USDT, sign up for a Binance or Coinbase account.
Create a Binance account here: https://accounts.binance.com/en/register?ref=73583477 to buy USDC from Binance.
Create a Coinbase account and get $10 in free Bitcoin when you buy USDC: https://www.coinbase.com/join/lim di1.
