Recent Examples on the WebTo 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 Without decentralisation or a credible link to oil, the petro is just an unbacked currency issued by Venezuela’s discredited government.The Economist, 17 Mar. 2018