Trump's WLFI eyes U.S. banking license. | Credit: Hameem Sarwar / CCN. Key Takeaways Trump-affiliated WLFI applied for an OCC trust bank charter to issue/custody USD1 under federal rules.  USD1 has become one of the fastest-growing stablecoins through partnerships. WLFI has been involved in a number of controversies and scandals since its launch. President Donald Trump-backed World Liberty Financial (WLFI), a decentralized finance (DeFi) protocol, has filed for a United States national trust bank ch ...