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This walks through deploying a standard ERC-20 token to Hedera testnet using Hardhat. The contract uses OpenZeppelin’s audited ERC-20 base, so most of the code is library calls. The workflow is the same one you’d use on any EVM chain; the only Hedera-specific bit is the network config.
Run in your browser: Skip local setup and try the same example in the Contract Builder: compile, deploy, and mint from your browser in seconds.

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Prerequisites

MetaMask configured for Hedera Testnet

Network Name Hedera Testnet, RPC https://testnet.hashio.io/api, Chain ID 296.

Testnet HBAR in your wallet

Around 5 HBAR is plenty to cover deployment.
You also need Node.js 18 or later installed locally.

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Step 1: Scaffold the project

mkdir my-first-token && cd my-first-token
npm init -y
npm install --save-dev hardhat @nomicfoundation/hardhat-toolbox
npm install @openzeppelin/contracts dotenv
npx hardhat init   # choose: "Create an empty hardhat.config.js"
mkdir contracts scripts

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Step 2: Write the ERC-20 contract

Create contracts/MyToken.sol: 
// SPDX-License-Identifier: MIT
pragma solidity ^0.8.22;

import "@openzeppelin/contracts/token/ERC20/ERC20.sol";
import "@openzeppelin/contracts/access/Ownable.sol";

contract MyToken is ERC20, Ownable {
    constructor(address initialOwner)
        ERC20("MyToken", "MTK")
        Ownable(initialOwner)
    {
        // Mint 1,000,000 tokens (with 18 decimals) to the deployer.
        _mint(initialOwner, 1_000_000 * 10 ** decimals());
    }

    function mint(address to, uint256 amount) public onlyOwner {
        _mint(to, amount);
    }
}
The contract inherits OpenZeppelin’s ERC20 and Ownable, mints the initial 1,000,000 supply to the deployer in the constructor, and exposes a mint() function gated by onlyOwner for later minting.

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Step 3: Configure Hardhat for Hedera testnet

Create a .env file (and add it to .gitignore): 
TESTNET_RPC=https://testnet.hashio.io/api
TESTNET_PRIVATE_KEY=0xYOUR_METAMASK_PRIVATE_KEY
Use a dedicated dev wallet. Don’t put a mainnet private key in a .env file you’re experimenting with. To get the testnet key from MetaMask: Account → ⋮ → Account details → Show private key.
Replace hardhat.config.js with: 
require("@nomicfoundation/hardhat-toolbox");
require("dotenv").config();

module.exports = {
  solidity: "0.8.22",
  networks: {
    hederaTestnet: {
      url: process.env.TESTNET_RPC,
      chainId: 296,
      accounts: [process.env.TESTNET_PRIVATE_KEY],
    },
  },
};

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Step 4: Write the deploy script

Create scripts/deploy.js: 
const hre = require("hardhat");

async function main() {
  const [deployer] = await hre.ethers.getSigners();
  console.log("Deploying with:", deployer.address);

  const MyToken = await hre.ethers.getContractFactory("MyToken");
  const token = await MyToken.deploy(deployer.address);
  await token.waitForDeployment();

  const address = await token.getAddress();
  console.log("MyToken deployed to:", address);
  console.log("Initial balance:", (await token.balanceOf(deployer.address)).toString());
}

main().catch((err) => {
  console.error(err);
  process.exitCode = 1;
});

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Step 5: Deploy

npx hardhat compile
npx hardhat run scripts/deploy.js --network hederaTestnet
Expected output: 
Deploying with: 0xAbC123...
MyToken deployed to: 0xDeF456...
Initial balance: 1000000000000000000000000
That balance figure is 1,000,000 × 10^18, which is your million tokens with 18 decimals.

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Step 6: Verify on HashScan

Open https://hashscan.io/testnet/contract/<your-deployed-address>. HashScan picks the contract up automatically and shows its bytecode, the deployer account, and the deploy transaction. For source-code-level visibility, follow the contract verification guide.

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Step 7: Add the token to MetaMask

In MetaMask: Tokens tab → Import tokens, paste your contract address. Symbol and decimals are auto-filled from the contract. You should now see your full supply in the wallet.

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What’s next

The token works with any ERC-20-aware tool: DEX listings, wallet imports, indexers, block explorers.

HTS from Solidity

The Hedera-native alternative: create an HTS token with built-in compliance keys (KYC, freeze, pause, wipe) enforced by the network.