 Some people say the digital euro could just be a crypto asset issued by a central bank. That's not true. Crypto assets are not central bank money. In fact, they aren't even money. Why? 1. Their value is too unstable and it's difficult to use them to make payments. Have you ever tried to pay for your groceries using crypto assets? 2. They aren't created or managed by any public institution that guarantees their value. 3. These also apply to stable coins. They aren't as stable as they claim to be. We have seen over the past few months how they can quickly lose their value. A digital euro could be different. People can trust it the same way they trust cash. The European Central Bank will always protect its value.