XRP vs XLM vs HBAR: Which Payment Crypto Are Institutions Actually Using?

Institutions are exploring XRP, XLM, and Hedera (HBAR) for cross-border and asset tokenization use cases. Mastercard settlement rails favor XRP; MoneyGram uses Stellar for stablecoins; UK Treasury endorses Hedera for tokenized money market funds and gilts collateral. Swift chose its own Linea-based ledger, signaling infrastructure preference over public networks. Hedera focuses on tokenizing assets and moving collateral rather than direct payments, with notable institutional endorsements and market activity shaping its adoption trajectory.