Interesting since I thought the point of using balanced interconnects was to reduce noise.
Then you have been misinformed. The point is improved signal to noise ratio. Its a ratio. That's why its written S/N. Signal divided by noise. A ratio.
Okay technically the reason is to feel like you're all professional and everything, because everyone knows the pro's use XLR. Also to have twice as much of everything, because, well just because. Also a lot of people think the more you spend the better you are and balanced does cost a whole lot more. So its kind of a trifecta.
Yes by the way glad you mentioned it you should go back to single ended. But not for this silly hiss reason but because you can buy so much more performance for your audiophile dollar.