Stablecoins, a type of cryptocurrency pegged to another asset to maintain a stable price, have become an important part of the cryptocurrency ecosystem. Prior studies have primarily focused on examining the security of stablecoins from technical and theoretical perspectives, with limited investigation into users' risk perceptions and security behaviors in stablecoin practices. To address this research gap, we conducted a mixed-method study that included constructing a stablecoin interaction framework based on the literature, which informed the design of our interview protocol, semi-structured interviews (n=21), and Reddit data analysis (9,326 posts). We found that participants see stable value and regulatory compliance as key security advantages of stablecoins over other cryptocurrencies. However, participants also raised concerns about centralization risks in fiat-backed stablecoins, perceived challenges in crypto-backed stablecoins due to limited reliance on fully automated execution, and confusion regarding the complex mechanisms of algorithmic stablecoins. We proposed improving user education and optimizing mechanisms to address these concerns and promote the safer use of stablecoins.

Fandom crowdfunding, where fans collectively raise funds for idols, fosters dynamic interactions within fandom communities, evoking a range of emotions. Despite the prevalence of such activities, the specific emotions involved and their effects on participant behavior remain underexplored. Addressing this, our mixed-methods study—encompassing observations, interviews, and analysis of crowdfunding data—investigated emotions during fandom crowdfunding and their influence on behavior across crowdfunding stages: planning, support, encouragement, realization, and auditing. We identified 10 key emotions related to idols and the community, finding these emotions crucial in shaping participant actions. Our findings highlight the dual impact of fandom crowdfunding on the community’s internal dynamics and its relationships with idols and broader society. We propose design recommendations for enhancing fandom crowdfunding and suggest how general crowdfunding can benefit from insights gained from the fandom context, offering a novel understanding of emotions in collaborative monetary activities.