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The Energy Information Administration pegged utilization at 90% for the week ended Nov. 14.

Stablecoins, such as USD1, are typically pegged to the dollar and backed by an equivalent amount of reserves, while other tokens, such as WLFI, swing in price on exchanges depending on investor demand.

In an autobiographical summary of his career, Meyer said his favorite toy design was Lite-Brite, which allows people to create colorful designs by plugging plastic pegs into a grid.

A boom in stablecoins -- cryptocurrencies designed to hold a steady value by being pegged to traditional assets -- calls for "close monitoring", ECB economists warned Monday.

“People keep trying to fit a square peg in a circular hole, and it’s just not working. We keep forgetting that the world is different.”