We All Knew Tether Was SAF

SAF or Shady as F*** is a way to putting what we all thought about Tether.

Last year we all knew something was up when their promises of monthly audits to show that 1 Tether was in fact backed up by $1 never was shown. Then after that not one but two audit companies backed out without saying a word or producing the audits to show they where in fact backed up.

There where clear signals that something was really wrong and going on with Tether last year but still their where a few that where hell bent we where making up stories.

Well FINALLY Tether got called out by NY access Bitfinex which is also owner of Tether have pretty much slush fund $850 Million dollars in Tether.

The markets do seem to be over reacting at the moment as Tethers call out is actually a VERY good thing for cryptocurrency. It has been hanging over the cryptocurrency markets for the last year as a what if and finally now we know and the coin is being removed.

Tether holds about 2.5 billion dollars which is a very small amount of the crypto market which was just about to hit 200 billion. That means Tether is about 1% of the market yet the market hash since crashed roughly 10% in the last 24 hours.

This could spell for a perfect time to pick up cryptocurrency at a huge discount.

I wont go into all the details here pretty much just do a search for tether and you will have your fare share of articles about it.

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