Mixing H2O2 with ethanol in one bottle looks strange. EtOH should just oxidize and one ends up with a bottle of vinegar or pure water with CO2 dissolved in it.

Mixing H2O2 with ethanol in one bottle looks strange. EtOH should just oxidize and one ends up with a bottle of vinegar or pure water with CO2 dissolved in it. They ad some stabilizer so the active oxygen is not being released or is it some kind of magic?