[gruez]

Seems to be? https://www.gemini.com/legal/user-agreement#section-fdic-ins... (the FDIC section is a subsection of the gemini dollar section). That said if your crypto wallet gets hacked or the lending platform goes under, you'll still lose your money. I'd imagine the FDIC protection is only for if the bank where gemini stored its dollars went under.

[medvezhenok]

That is insurance for deposits in Gemini, not for the lending program (which is where you get the %)