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

He added that while stablecoins, a crypto asset that attempts to peg its value to a conventional currency such as the U.S. dollar, are quite different from unbacked crytpo assets, they too require careful monitoring.

From Reuters • Sep. 27, 2022

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