How to add Tether (USDT) to MetaMask
As previously mentioned, the best way to add USDT to a MetaMask wallet is by going through CoinGecko. The process of adding Tether will vary based on the network you want to hold the token on. Luckily, the CoinGecko platform makes this easy by allowing users to access the verified USDT contract address across multiple networks in one place.
Add Tether (USDT) to MetaMask with this easy guide:
- Go to the CoinGecko USDT Page and look at 'Info'.
- Find the 'Contract' row, click the MetaMask symbol, and connect your wallet.
- Select the network that you want to add the USDT token on and it will be automatically added to your MetaMask wallet.
What is Tether?
Tether (USDT) is a stablecoin that is pegged to the value of the US dollar, designed to provide a stable digital currency for transactions and trading on Cryptocurrency exchanges. It is issued by Tether Limited, which is a company based in Hong Kong. It is widely accepted on major global exchanges. However, there have been concerns in the past that were raised about Tether's transparency and whether it has enough reserves to back all USDT in circulation.
Despite these concerns, Tether has become an important part of the Cryptocurrency ecosystem and is used by traders to move funds between exchanges and by individuals and businesses to avoid the volatility of other Cryptocurrencies. Its future remains uncertain as regulatory scrutiny and investor concerns persist.
Why is my USDT not showing in MetaMask?
If your USDT balance is not showing in MetaMask, it is likely because you have not added the USDT token to your MetaMask wallet yet. To add USDT to your MetaMask wallet, follow these steps:
- Open MetaMask and ensure you are connected to the Ethereum Mainnet.
- Click on the "Assets" tab.
- Scroll down and click on the "Add Token" button.
- Choose the "Custom Token" tab.
- Type in "USDT" and select the token.
- Click "Next" and then "Add Tokens" to finish the process.
After completing these steps, USDT should appear in your MetaMask wallet with the correct balance. If the balance is still not showing, double-check the wallet address and ensure you have sent USDT to the correct address.
Is USDT a Good Buy?
Tether is designed to provide stability in a highly volatile Cryptocurrency market, making it a good choice for investors who want to avoid the risk of losing their investment due to sudden price fluctuations. It is also widely accepted on many major exchanges, making it easy to trade. However, since Tether is pegged to the value of the US dollar, it does not have the same potential for price appreciation as other tokens like Bitcoin.
The Bottom Line
In conclusion, USDT can be easily added to MetaMask on various EVM-compatible networks such as Ethereum, Polygon, Arbitrum, BNB Chain, and Cronos. To add USDT, utilize CoinGecko, which provides verified contract addresses for multiple networks in one place. Tether (USDT) is a stablecoin pegged to the US dollar, offering stability in a volatile cryptocurrency market. While it's widely accepted on major exchanges and serves as a means to avoid price fluctuations, its potential for appreciation is limited compared to other cryptocurrencies like Bitcoin.