@article {el Hajjoi.2023.1.253, author = {Mohamad el Haj and Ahmed A. Moustafa}, title = {{\textquotedblleft}10 Tether Coins Now?{\textquotedblright} Temporal Discounting for Stablecoins}, elocation-id = {joi.2023.1.253}, year = {2023}, doi = {10.3905/joi.2023.1.253}, publisher = {Institutional Investor Journals Umbrella}, abstract = {Stablecoins are digital tokens that are pegged to fiat-currencies (i.e., government-issued currencies). Because stablecoins represent a large chunk of the cryptocurrency market, we, for the first time, investigated a key process of decision making (i.e., temporal discounting) in stablecoins holders. We used an online survey and invited cryptocurrency holders to answer a temporal discounting questionnaire dealing with Tether stables coins (USDT) ({\textquotedblleft}What do you prefer: you get 10 USDT now or 100 USDT in a month?{\textquotedblright}). We also implemented a typical temporal discounting questionnaire dealing with fiat money ({\textquotedblleft}What do you prefer: you get 10 USD now or 100 USD in a month?{\textquotedblright}). Results have demonstrated no significant differences between temporal discounting for USDT and USD in stablecoins holders; however, both temporal discounting for USDT and USD were higher than the mean. Considering the volume of stablecoins, our study is very relevant, as it demonstrates the short-term time horizons in stablecoins holders, that is, their preference for immediate, over delayed but larger, rewards.}, issn = {1068-0896}, URL = {https://joi.pm-research.com/content/early/2023/02/02/joi.2023.1.253}, eprint = {https://joi.pm-research.com/content/early/2023/02/02/joi.2023.1.253.full.pdf}, journal = {The Journal of Investing} }