Back
Perpetuals.com ends talks on up to $15 million AI Financial payments deal

Perpetuals.com ends talks on up to $15 million AI Financial payments deal

Perpetuals.com said it terminated its letter of intent to acquire Alt5 Sigma Canada, ending the proposed transaction and halting related partnership plans around payments and USD1 in Europe.

USDT
USDC
USD1

Fact Check
The official Perpetuals.com statement (July 14, 2026) directly confirms termination of the letter of intent to acquire AI Financial Corporation's subsidiary Alt5 Sigma Canada, matching the core claim. The WSJ confirms the deal was valued at up to $15 million and that Perpetuals.com had agreed to explore offering the USD1 stablecoin in Europe as part of the partnership. The BusinessWire/Fidelity wire distribution and Crypto Briefing independently reproduce the termination. Every element of the claim — termination of the LOI, ending the transaction, halting the payments/USD1-in-Europe plans, and the ~$15M valuation — is corroborated by primary and independent sources.
Summary

Perpetuals.com has terminated its letter of intent to acquire Alt5 Sigma Canada, a unit of AI Financial Corporation, formally ending the proposed transaction that had been valued at up to $15 million. The earlier structure had contemplated $5 million in Perpetuals.com stock and as much as $10 million linked to revenue targets, but the companies have now scrapped the planned acquisition. Alt5 Sigma provides crypto trading, payments, and remittance infrastructure for businesses. No specific reason for terminating the agreement was disclosed. The decision also leaves in doubt the broader commercial plans previously under discussion, including Perpetuals.com distributing AI Financial’s stablecoin USD1 in Europe and licensing its trading engine. The collapse remains notable because AI Financial acquired the payments arm in 2025 in a $750 million transaction involving approximately $1.5 billion in WLFI tokens with World Liberty Financial, the DeFi protocol associated with the Trump family. World Liberty Financial was co-founded in 2024 by Eric Trump, Donald Trump Jr., and Zach Witkoff. For Perpetuals.com, which is licensed for EU crypto products and focuses on institutional-grade derivatives infrastructure, the deal would have added payment rails and potentially expanded its European footprint as MiCA reshapes competition among stablecoins including Circle’s USDC and Tether’s USDT.

Terms & Concepts
  • stablecoin: Crypto token designed to maintain a fixed value, often by being linked to a fiat currency.
  • MiCA: European Union regulatory framework governing crypto-assets and related service providers.
  • DeFi: Blockchain-based financial services that operate without traditional intermediaries.