The Stellar Development Foundation has announced the launch of Soroban, a smart contracts platform on the Stellar network, aimed at enhancing its capabilities with decentralized application support. This move comes as part of Stellar's strategy to compete with Ethereum in the smart contract space. To support this initiative, Stellar will invest $100M in applications developed on the Soroban platform. The launch of Soroban on the mainnet marks the arrival of smart contracts on the Stellar network, a significant milestone that has been anticipated by the community. This development allows Stellar ($XLM) to now host smart contracts, owing to the launch of the Soroban platform.