A firm converting pesos to yen buys XRP with the pesos, sends it across the XRP Ledger, and sells it for yen a few seconds later. Ripple's XRP (CRYPTO:XRP), Stellar's XLM and Hedera's HBAR all target that institutional market. XRP bridges currencies for cross-border payments, Stellar issues and moves stablecoins across borders, and Hedera hosts tokenized assets for banks and asset managers. Hedera isn't a payments network at all. None of those firms was choosing between XRP, XLM and HBAR, but picking the one that fulfills their needs.