NEW YORK (Reuters) -Citigroup may issue its own stablecoin in an effort to facilitate digital payments, the bank’s CEO, Jane Fraser, told analysts on a post-earnings conference call on Tuesday.

"We are looking at the issuance of a Citi stablecoin, but probably most importantly is the tokenized deposit space, where we’re very active," she said. "This is a good opportunity for us."

The third largest U.S. lender is also exploring reserve management for stablecoins and providing custody solutions for crypto assets, Fraser said.

Citigroup (NYSE: C )’s shares briefly touched their highest level since the 2008 financial crisis after the bank reported second-quarter results that beat Wall Street estimates and said it plans to buy back at least $4 billion in stock.