https://cryptoslate.com/coins/ck-usd/"CK USD Token (CK.USD) is a blockchain token developed by a wholly-owned holding company CK Fintech Corp. of Cascadia Blockchain Group, which is a listed company in Canada. The token is designed for the liquidation of funds between exchanges and financial institutions within the CK system. CK.USD will be published on the CNET based on the technology of super-trading networks, and will provide the experience of the millisecond speed in the future. Each CK.USD unit will be used at the CK's exchange as a US dollar."
Yeah it´s a similar thing to USDT!