unbacked

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

That a single internal error could introduce an unbacked $300 trillion into the crypto ecosystem, even if briefly and with no untoward effects, makes clear that not all of crypto benefits from decentralization.

From Barron's • Oct. 16, 2025

The committee said "unbacked" crypto assets - typically cryptocurrencies with no fixed value - exposed "consumers to the potential for substantial gains or losses, while serving no useful social purpose".

From BBC • May 16, 2023

Basel has set punitive capital charges on unbacked crypto currencies like bitcoin, and less conservative charges on stablecoins, which are backed by an asset or fiat currency.

From Reuters • Feb. 20, 2023

To cover the losses, the exchange, Bitfinex, took loans from Tether’s reserves, leaving the stablecoin partly unbacked, according to Ms. James’s investigation.

From New York Times • Jun. 17, 2022

The simple statement, unbacked by any proof but the weight of Ralph's new authority, brought light and happiness.

From "Lord of the Flies" by William Golding