The modified Camassa-Holm equation with cubic nonlinearity is completely integrable and is considered a model for the unidirectional propagation of shallow-water waves. The localized smooth-wave solution exists uniquely, up to translation, within a certain range of the linear dispersive parameter. By constructing conserved H1 and L1 quantities in terms of the momentum variable m, this study demonstrates that the smooth soliton, when regarded as a solution of the initial-value problem for the modified Camassa-Holm equation, is orbitally stable to perturbations in the Sobolev space H3. Furthermore, the global well-posedness of the solution is established for certain initial data in Hs with s≥3.