Asheesh Birla, senior vice president of products at Ripple, said that in the field of cross-border remittances, competitors and crypto assets will have a hard time surpassing XRP and ETH. He said, "XRP is a digital asset that powers the Ripple network. In any market where our products are located, XRP is the most liquid digital asset. So for cross-border payment and remittance products, I think XRP will be used in these use cases. It has a very good performance. In addition, Ethereum is very interesting because it has locked more than 1 billion US dollars of assets in the DeFi ecosystem. We do see that Ethereum has related products and ecosystems around the “narrative” DeFi . "