{"id":5194,"date":"2026-06-05T09:00:00","date_gmt":"2026-06-05T07:00:00","guid":{"rendered":"https:\/\/www.betaalvereniging.nl\/en\/?p=5194"},"modified":"2026-06-11T12:02:00","modified_gmt":"2026-06-11T10:02:00","slug":"the-digital-euro-and-stablecoins-apples-and-oranges","status":"publish","type":"post","link":"https:\/\/www.betaalvereniging.nl\/en\/news\/the-digital-euro-and-stablecoins-apples-and-oranges\/","title":{"rendered":"The Digital Euro and Stablecoins: Apples and Oranges"},"content":{"rendered":"\n<p class=\"has-intro-font-size\"><strong><strong>Developments surrounding the digital euro and cryptocurrencies are moving quickly. Blockchains, bitcoins, dollar-pegged stablecoins, euro-pegged stablecoins, wholesale CBDC, retail digital euro; sometimes it\u2019s hard to see the forest for the trees&#8230; For example, the digital euro has recently been incorrectly presented as a good European counterpart to US dollar-pegged stablecoins. However, the digital euro and stablecoins are like apples and oranges; they target different applications and users.<\/strong><\/strong><\/p>\n\n\n<figure class=\"wp-block-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"2560\" height=\"1280\" src=\"https:\/\/www.betaalvereniging.nl\/en\/wp-content\/uploads\/sites\/4\/2025\/10\/crypto-bitcoin-stablecoin-cbdc_2157495541-scaled.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Digitale munten zoals bitcoin en ethereum zweven rond de aarde en verbeelden wereldwijd cryptobetalingsverkeer en blockchainnetwerken.\" style=\"object-fit:cover;\" srcset=\"https:\/\/www.betaalvereniging.nl\/en\/wp-content\/uploads\/sites\/4\/2025\/10\/crypto-bitcoin-stablecoin-cbdc_2157495541-scaled.jpg 2560w, https:\/\/www.betaalvereniging.nl\/en\/wp-content\/uploads\/sites\/4\/2025\/10\/crypto-bitcoin-stablecoin-cbdc_2157495541-300x150.jpg 300w, https:\/\/www.betaalvereniging.nl\/en\/wp-content\/uploads\/sites\/4\/2025\/10\/crypto-bitcoin-stablecoin-cbdc_2157495541-1024x512.jpg 1024w, https:\/\/www.betaalvereniging.nl\/en\/wp-content\/uploads\/sites\/4\/2025\/10\/crypto-bitcoin-stablecoin-cbdc_2157495541-768x384.jpg 768w, https:\/\/www.betaalvereniging.nl\/en\/wp-content\/uploads\/sites\/4\/2025\/10\/crypto-bitcoin-stablecoin-cbdc_2157495541-1536x768.jpg 1536w, https:\/\/www.betaalvereniging.nl\/en\/wp-content\/uploads\/sites\/4\/2025\/10\/crypto-bitcoin-stablecoin-cbdc_2157495541-2048x1024.jpg 2048w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\" \/><\/figure>\n\n\n<p>In a previous <a href=\"https:\/\/www.betaalvereniging.nl\/en\/news\/answer-to-stablecoins-is-wholesale-cbdc-not-digital-euro\/\">joint opinion piece by the Dutch Banking Association and the Dutch Payments Association<\/a>, we explain why the (<em>retail<\/em>) digital euro is not a solution to (<em>wholesale<\/em>) dollar-pegged stablecoins and which European digital currencies can provide a solution.<\/p>\n\n\n\n<p>In opinieblad Forum vertelt een crypto-deskundige van de Betaalvereniging <a href=\"https:\/\/www.betaalvereniging.nl\/en\/news\/stablecoins\/\">wat het belang is van Europese euro-stablecoins, in relatie tot de snelle opmars van Amerikaanse dollar-stablecoins<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Developments surrounding the digital euro and cryptocurrencies are moving quickly. Blockchains, bitcoins, dollar-pegged stablecoins, euro-pegged stablecoins, wholesale CBDC, retail digital euro; sometimes it\u2019s hard to see the forest for the trees&#8230; For example, the digital euro has recently been incorrectly presented as a good European counterpart to US dollar-pegged stablecoins. However, the digital euro and [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":3469,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"editor_notices":[],"footnotes":""},"categories":[20],"btv_subject_tax":[31,13,29],"class_list":["post-5194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","btv_subject_tax-crypto","btv_subject_tax-european-legislation","btv_subject_tax-market-infrastructure"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin  - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Digital Euro and Stablecoins: Apples and Oranges - Dutch Payments Association<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.betaalvereniging.nl\/en\/news\/the-digital-euro-and-stablecoins-apples-and-oranges\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Digital Euro and Stablecoins: Apples and Oranges\" \/>\n<meta property=\"og:description\" content=\"Developments surrounding the digital euro and cryptocurrencies are moving quickly. Blockchains, bitcoins, dollar-pegged stablecoins, euro-pegged stablecoins, wholesale CBDC, retail digital euro; sometimes it\u2019s hard to see the forest for the trees&#8230; For example, the digital euro has recently been incorrectly presented as a good European counterpart to US dollar-pegged stablecoins. However, the digital euro and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.betaalvereniging.nl\/en\/news\/the-digital-euro-and-stablecoins-apples-and-oranges\/\" \/>\n<meta property=\"og:site_name\" content=\"Dutch Payments Association\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-05T07:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-11T10:02:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.betaalvereniging.nl\/en\/wp-content\/uploads\/sites\/4\/2025\/10\/crypto-bitcoin-stablecoin-cbdc_2157495541-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Berend Jan Beugel\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@NLbetalen\" \/>\n<meta name=\"twitter:site\" content=\"@NLbetalen\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Berend Jan Beugel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.betaalvereniging.nl\\\/en\\\/news\\\/the-digital-euro-and-stablecoins-apples-and-oranges\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.betaalvereniging.nl\\\/en\\\/news\\\/the-digital-euro-and-stablecoins-apples-and-oranges\\\/\"},\"author\":{\"name\":\"Berend Jan Beugel\",\"@id\":\"https:\\\/\\\/www.betaalvereniging.nl\\\/en\\\/#\\\/schema\\\/person\\\/06b794954ac0c4629c27f286d6db3bff\"},\"headline\":\"The Digital Euro and Stablecoins: Apples and Oranges\",\"datePublished\":\"2026-06-05T07:00:00+00:00\",\"dateModified\":\"2026-06-11T10:02:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.betaalvereniging.nl\\\/en\\\/news\\\/the-digital-euro-and-stablecoins-apples-and-oranges\\\/\"},\"wordCount\":141,\"image\":{\"@id\":\"https:\\\/\\\/www.betaalvereniging.nl\\\/en\\\/news\\\/the-digital-euro-and-stablecoins-apples-and-oranges\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.betaalvereniging.nl\\\/en\\\/wp-content\\\/uploads\\\/sites\\\/4\\\/2025\\\/10\\\/crypto-bitcoin-stablecoin-cbdc_2157495541-scaled.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.betaalvereniging.nl\\\/en\\\/news\\\/the-digital-euro-and-stablecoins-apples-and-oranges\\\/\",\"url\":\"https:\\\/\\\/www.betaalvereniging.nl\\\/en\\\/news\\\/the-digital-euro-and-stablecoins-apples-and-oranges\\\/\",\"name\":\"The Digital Euro and Stablecoins: Apples and Oranges - 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