No, we are not. FDIC stands for "Federal Deposit Insurance Corporation" and its primary function is to insure banks in the event of bank failures. This means that if a bank fails the insurance covers customer deposits in that bank up to $250,000 per customer. Tellus is not a bank. Tellus is not FDIC-insured. All user deposits held in cash are custodied by Chase Bank (aka JP Morgan Chase).
Updated April 21st, 2022