BusinessAugust 7, 2026

unbacked

un-BAKT

Definition

Referring to an asset or currency that does not have reserves or a physical commodity backing its value.

Etymology

Formed by the prefix 'un-' (meaning 'not') combined with the verb 'back' (to support), tracing back to the Old English 'bæc'.

In the news

The term is used to characterize digital assets that lack underlying collateral, highlighting the risks involved in their potential price depreciation.

NEAR Protocol Dropped -13.84% in Last Month and is Predicted to Drop to $ 1.52 By Aug 12, 2026

Read the full article ↗

Cryptonews.net

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