Examples of unbacked in a Sentence
Recent Examples on the Web
When news leaked Alameda’s balance sheet was built from sand, Binance founder Changpeng Zhao rushed to liquidate his holdings in FTX’s unbacked cryptocurrency.
—
Christiaan Hetzner, Fortune, 20 Mar. 2024
During this period, however, the Binance-peg USDC remained publicly unbacked.
—Byleo Schwartz, Fortune, 18 Jan. 2023
Java Burn is not just an ordinary dietary supplement that makes unbacked weight-reduction claims.
—Amber Smith, Discover Magazine, 15 Dec. 2022
Years ago, the city of Atlanta had a much different idea of its local gang presence, and though exact statistics were hard to come by, that hasn’t stopped the police force from making unbacked statements.
—Christina Lee, Vulture, 12 Oct. 2022
Finally, before its downfall, FTX’s main international exchange held $9 billion in unbacked liabilities with just $900 million in assets, according to the Financial Times.
—Will Daniel, Fortune, 3 Dec. 2022
Ukraine also has rejected the accusation, called for more sanctions against Russia and made unbacked claims against Moscow.
—John Hudson, Washington Post, 25 Oct. 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.
—New York Times, 13 June 2022
Peters has not complied with the secretary of state’s investigation this week, instead flying to South Dakota to speak at a conference focused on unbacked claims of hacking in the 2020 presidential race.
—Author: Justin Wingerter, Anchorage Daily News, 13 Aug. 2021
Examples are automatically compiled from online sources to
show current usage.
Read More
Opinions expressed in the examples do not represent those of Merriam-Webster or its editors.
Send us feedback.
Christiaan Hetzner, Fortune, 20 Mar. 2024
During this period, however, the Binance-peg USDC remained publicly unbacked.
—Byleo Schwartz, Fortune, 18 Jan. 2023
Java Burn is not just an ordinary dietary supplement that makes unbacked weight-reduction claims.
—Amber Smith, Discover Magazine, 15 Dec. 2022
Years ago, the city of Atlanta had a much different idea of its local gang presence, and though exact statistics were hard to come by, that hasn’t stopped the police force from making unbacked statements.
—Christina Lee, Vulture, 12 Oct. 2022
Finally, before its downfall, FTX’s main international exchange held $9 billion in unbacked liabilities with just $900 million in assets, according to the Financial Times.
—Will Daniel, Fortune, 3 Dec. 2022
Ukraine also has rejected the accusation, called for more sanctions against Russia and made unbacked claims against Moscow.
—John Hudson, Washington Post, 25 Oct. 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.
—New York Times, 13 June 2022
Peters has not complied with the secretary of state’s investigation this week, instead flying to South Dakota to speak at a conference focused on unbacked claims of hacking in the 2020 presidential race.
—Author: Justin Wingerter, Anchorage Daily News, 13 Aug. 2021
Dictionary Entries Near unbacked
Cite this Entry
“Unbacked.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/unbacked. Accessed 26 Nov. 2024.
Copy CitationKids Definition
unbacked
adjective
un·backed
ˌən-ˈbakt 
ˈən-
1
: not backed
2
: lacking support or aid
a plan unbacked by the voters
Love words? Need even more definitions?
Merriam-Webster unabridged
Share