diff --git a/build.gradle b/build.gradle
index 264dfbb3068..91a6f317699 100644
--- a/build.gradle
+++ b/build.gradle
@@ -19,7 +19,7 @@ subprojects {
     apply plugin: "net.ltgt.errorprone"
 
     group = "io.grpc"
-    version = "1.31.2-SNAPSHOT" // CURRENT_GRPC_VERSION
+    version = "1.31.2" // CURRENT_GRPC_VERSION
 
     repositories {
         maven { // The google mirror is less flaky than mavenCentral()
diff --git a/compiler/src/test/golden/TestDeprecatedService.java.txt b/compiler/src/test/golden/TestDeprecatedService.java.txt
index f8b7dc790bd..9b711628813 100644
--- a/compiler/src/test/golden/TestDeprecatedService.java.txt
+++ b/compiler/src/test/golden/TestDeprecatedService.java.txt
@@ -21,7 +21,7 @@ import static io.grpc.stub.ServerCalls.asyncUnimplementedUnaryCall;
  * </pre>
  */
 @javax.annotation.Generated(
-    value = "by gRPC proto compiler (version 1.31.2-SNAPSHOT)",
+    value = "by gRPC proto compiler (version 1.31.2)",
     comments = "Source: grpc/testing/compiler/test.proto")
 @java.lang.Deprecated
 public final class TestDeprecatedServiceGrpc {
diff --git a/compiler/src/test/golden/TestService.java.txt b/compiler/src/test/golden/TestService.java.txt
index a21e0645c7a..c020b008b1b 100644
--- a/compiler/src/test/golden/TestService.java.txt
+++ b/compiler/src/test/golden/TestService.java.txt
@@ -21,7 +21,7 @@ import static io.grpc.stub.ServerCalls.asyncUnimplementedUnaryCall;
  * </pre>
  */
 @javax.annotation.Generated(
-    value = "by gRPC proto compiler (version 1.31.2-SNAPSHOT)",
+    value = "by gRPC proto compiler (version 1.31.2)",
     comments = "Source: grpc/testing/compiler/test.proto")
 public final class TestServiceGrpc {
 
diff --git a/compiler/src/testLite/golden/TestDeprecatedService.java.txt b/compiler/src/testLite/golden/TestDeprecatedService.java.txt
index e4aa37e76e4..dd812c266b2 100644
--- a/compiler/src/testLite/golden/TestDeprecatedService.java.txt
+++ b/compiler/src/testLite/golden/TestDeprecatedService.java.txt
@@ -21,7 +21,7 @@ import static io.grpc.stub.ServerCalls.asyncUnimplementedUnaryCall;
  * </pre>
  */
 @javax.annotation.Generated(
-    value = "by gRPC proto compiler (version 1.31.2-SNAPSHOT)",
+    value = "by gRPC proto compiler (version 1.31.2)",
     comments = "Source: grpc/testing/compiler/test.proto")
 @java.lang.Deprecated
 public final class TestDeprecatedServiceGrpc {
diff --git a/compiler/src/testLite/golden/TestService.java.txt b/compiler/src/testLite/golden/TestService.java.txt
index cf9fd8708bc..e5de78e4ba7 100644
--- a/compiler/src/testLite/golden/TestService.java.txt
+++ b/compiler/src/testLite/golden/TestService.java.txt
@@ -21,7 +21,7 @@ import static io.grpc.stub.ServerCalls.asyncUnimplementedUnaryCall;
  * </pre>
  */
 @javax.annotation.Generated(
-    value = "by gRPC proto compiler (version 1.31.2-SNAPSHOT)",
+    value = "by gRPC proto compiler (version 1.31.2)",
     comments = "Source: grpc/testing/compiler/test.proto")
 public final class TestServiceGrpc {
 
diff --git a/core/src/main/java/io/grpc/internal/GrpcUtil.java b/core/src/main/java/io/grpc/internal/GrpcUtil.java
index 22f11feb96e..4c708667072 100644
--- a/core/src/main/java/io/grpc/internal/GrpcUtil.java
+++ b/core/src/main/java/io/grpc/internal/GrpcUtil.java
@@ -197,7 +197,7 @@ public byte[] parseAsciiString(byte[] serialized) {
 
   public static final Splitter ACCEPT_ENCODING_SPLITTER = Splitter.on(',').trimResults();
 
-  private static final String IMPLEMENTATION_VERSION = "1.31.2-SNAPSHOT"; // CURRENT_GRPC_VERSION
+  private static final String IMPLEMENTATION_VERSION = "1.31.2"; // CURRENT_GRPC_VERSION
 
   /**
    * The default timeout in nanos for a keepalive ping request.
diff --git a/examples/android/clientcache/app/build.gradle b/examples/android/clientcache/app/build.gradle
index c742a5c40de..d766e94b95f 100644
--- a/examples/android/clientcache/app/build.gradle
+++ b/examples/android/clientcache/app/build.gradle
@@ -30,7 +30,7 @@ android {
 protobuf {
     protoc { artifact = 'com.google.protobuf:protoc:3.12.0' }
     plugins {
-        grpc { artifact = 'io.grpc:protoc-gen-grpc-java:1.31.2-SNAPSHOT' // CURRENT_GRPC_VERSION
+        grpc { artifact = 'io.grpc:protoc-gen-grpc-java:1.31.2' // CURRENT_GRPC_VERSION
         }
     }
     generateProtoTasks {
@@ -50,12 +50,12 @@ dependencies {
     implementation 'com.android.support:appcompat-v7:27.0.2'
 
     // You need to build grpc-java to obtain these libraries below.
-    implementation 'io.grpc:grpc-okhttp:1.31.2-SNAPSHOT' // CURRENT_GRPC_VERSION
-    implementation 'io.grpc:grpc-protobuf-lite:1.31.2-SNAPSHOT' // CURRENT_GRPC_VERSION
-    implementation 'io.grpc:grpc-stub:1.31.2-SNAPSHOT' // CURRENT_GRPC_VERSION
+    implementation 'io.grpc:grpc-okhttp:1.31.2' // CURRENT_GRPC_VERSION
+    implementation 'io.grpc:grpc-protobuf-lite:1.31.2' // CURRENT_GRPC_VERSION
+    implementation 'io.grpc:grpc-stub:1.31.2' // CURRENT_GRPC_VERSION
     implementation 'org.apache.tomcat:annotations-api:6.0.53'
 
     testImplementation 'junit:junit:4.12'
     testImplementation 'com.google.truth:truth:1.0.1'
-    testImplementation 'io.grpc:grpc-testing:1.31.2-SNAPSHOT' // CURRENT_GRPC_VERSION
+    testImplementation 'io.grpc:grpc-testing:1.31.2' // CURRENT_GRPC_VERSION
 }
diff --git a/examples/android/helloworld/app/build.gradle b/examples/android/helloworld/app/build.gradle
index 293fe917845..2ab5e0bb0cb 100644
--- a/examples/android/helloworld/app/build.gradle
+++ b/examples/android/helloworld/app/build.gradle
@@ -29,7 +29,7 @@ android {
 protobuf {
     protoc { artifact = 'com.google.protobuf:protoc:3.12.0' }
     plugins {
-        grpc { artifact = 'io.grpc:protoc-gen-grpc-java:1.31.2-SNAPSHOT' // CURRENT_GRPC_VERSION
+        grpc { artifact = 'io.grpc:protoc-gen-grpc-java:1.31.2' // CURRENT_GRPC_VERSION
         }
     }
     generateProtoTasks {
@@ -49,8 +49,8 @@ dependencies {
     implementation 'com.android.support:appcompat-v7:27.0.2'
 
     // You need to build grpc-java to obtain these libraries below.
-    implementation 'io.grpc:grpc-okhttp:1.31.2-SNAPSHOT' // CURRENT_GRPC_VERSION
-    implementation 'io.grpc:grpc-protobuf-lite:1.31.2-SNAPSHOT' // CURRENT_GRPC_VERSION
-    implementation 'io.grpc:grpc-stub:1.31.2-SNAPSHOT' // CURRENT_GRPC_VERSION
+    implementation 'io.grpc:grpc-okhttp:1.31.2' // CURRENT_GRPC_VERSION
+    implementation 'io.grpc:grpc-protobuf-lite:1.31.2' // CURRENT_GRPC_VERSION
+    implementation 'io.grpc:grpc-stub:1.31.2' // CURRENT_GRPC_VERSION
     implementation 'org.apache.tomcat:annotations-api:6.0.53'
 }
diff --git a/examples/android/routeguide/app/build.gradle b/examples/android/routeguide/app/build.gradle
index 118d5b54c52..af9926843f9 100644
--- a/examples/android/routeguide/app/build.gradle
+++ b/examples/android/routeguide/app/build.gradle
@@ -28,7 +28,7 @@ android {
 protobuf {
     protoc { artifact = 'com.google.protobuf:protoc:3.12.0' }
     plugins {
-        grpc { artifact = 'io.grpc:protoc-gen-grpc-java:1.31.2-SNAPSHOT' // CURRENT_GRPC_VERSION
+        grpc { artifact = 'io.grpc:protoc-gen-grpc-java:1.31.2' // CURRENT_GRPC_VERSION
         }
     }
     generateProtoTasks {
@@ -48,8 +48,8 @@ dependencies {
     implementation 'com.android.support:appcompat-v7:27.0.2'
 
     // You need to build grpc-java to obtain these libraries below.
-    implementation 'io.grpc:grpc-okhttp:1.31.2-SNAPSHOT' // CURRENT_GRPC_VERSION
-    implementation 'io.grpc:grpc-protobuf-lite:1.31.2-SNAPSHOT' // CURRENT_GRPC_VERSION
-    implementation 'io.grpc:grpc-stub:1.31.2-SNAPSHOT' // CURRENT_GRPC_VERSION
+    implementation 'io.grpc:grpc-okhttp:1.31.2' // CURRENT_GRPC_VERSION
+    implementation 'io.grpc:grpc-protobuf-lite:1.31.2' // CURRENT_GRPC_VERSION
+    implementation 'io.grpc:grpc-stub:1.31.2' // CURRENT_GRPC_VERSION
     implementation 'org.apache.tomcat:annotations-api:6.0.53'
 }
diff --git a/examples/android/strictmode/app/build.gradle b/examples/android/strictmode/app/build.gradle
index 28cfe49de60..3d0f0ba1b8f 100644
--- a/examples/android/strictmode/app/build.gradle
+++ b/examples/android/strictmode/app/build.gradle
@@ -29,7 +29,7 @@ android {
 protobuf {
     protoc { artifact = 'com.google.protobuf:protoc:3.12.0' }
     plugins {
-        grpc { artifact = 'io.grpc:protoc-gen-grpc-java:1.31.2-SNAPSHOT' // CURRENT_GRPC_VERSION
+        grpc { artifact = 'io.grpc:protoc-gen-grpc-java:1.31.2' // CURRENT_GRPC_VERSION
         }
     }
     generateProtoTasks {
@@ -49,8 +49,8 @@ dependencies {
     implementation 'com.android.support:appcompat-v7:28.0.0'
 
     // You need to build grpc-java to obtain these libraries below.
-    implementation 'io.grpc:grpc-okhttp:1.31.2-SNAPSHOT' // CURRENT_GRPC_VERSION
-    implementation 'io.grpc:grpc-protobuf-lite:1.31.2-SNAPSHOT' // CURRENT_GRPC_VERSION
-    implementation 'io.grpc:grpc-stub:1.31.2-SNAPSHOT' // CURRENT_GRPC_VERSION
+    implementation 'io.grpc:grpc-okhttp:1.31.2' // CURRENT_GRPC_VERSION
+    implementation 'io.grpc:grpc-protobuf-lite:1.31.2' // CURRENT_GRPC_VERSION
+    implementation 'io.grpc:grpc-stub:1.31.2' // CURRENT_GRPC_VERSION
     implementation 'org.apache.tomcat:annotations-api:6.0.53'
 }
diff --git a/examples/build.gradle b/examples/build.gradle
index 3fb83bc7ee3..69320572dea 100644
--- a/examples/build.gradle
+++ b/examples/build.gradle
@@ -22,7 +22,7 @@ targetCompatibility = 1.7
 
 // Feel free to delete the comment at the next line. It is just for safely
 // updating the version in our release process.
-def grpcVersion = '1.31.2-SNAPSHOT' // CURRENT_GRPC_VERSION
+def grpcVersion = '1.31.2' // CURRENT_GRPC_VERSION
 def protobufVersion = '3.12.0'
 def protocVersion = protobufVersion
 
diff --git a/examples/example-alts/build.gradle b/examples/example-alts/build.gradle
index e494b47798f..12ee6cb7af4 100644
--- a/examples/example-alts/build.gradle
+++ b/examples/example-alts/build.gradle
@@ -23,7 +23,7 @@ targetCompatibility = 1.7
 
 // Feel free to delete the comment at the next line. It is just for safely
 // updating the version in our release process.
-def grpcVersion = '1.31.2-SNAPSHOT' // CURRENT_GRPC_VERSION
+def grpcVersion = '1.31.2' // CURRENT_GRPC_VERSION
 def protocVersion = '3.12.0'
 
 dependencies {
diff --git a/examples/example-gauth/build.gradle b/examples/example-gauth/build.gradle
index bc1e119dc49..fcdf7cf2d31 100644
--- a/examples/example-gauth/build.gradle
+++ b/examples/example-gauth/build.gradle
@@ -23,7 +23,7 @@ targetCompatibility = 1.7
 
 // Feel free to delete the comment at the next line. It is just for safely
 // updating the version in our release process.
-def grpcVersion = '1.31.2-SNAPSHOT' // CURRENT_GRPC_VERSION
+def grpcVersion = '1.31.2' // CURRENT_GRPC_VERSION
 def protobufVersion = '3.12.0'
 def protocVersion = protobufVersion
 
diff --git a/examples/example-gauth/pom.xml b/examples/example-gauth/pom.xml
index a44b6eff30e..d5d62a76249 100644
--- a/examples/example-gauth/pom.xml
+++ b/examples/example-gauth/pom.xml
@@ -6,13 +6,13 @@
   <packaging>jar</packaging>
   <!-- Feel free to delete the comment at the end of these lines. It is just
        for safely updating the version in our release process. -->
-  <version>1.31.2-SNAPSHOT</version><!-- CURRENT_GRPC_VERSION -->
+  <version>1.31.2</version><!-- CURRENT_GRPC_VERSION -->
   <name>example-gauth</name>
   <url>https://github.com/grpc/grpc-java</url>
 
   <properties>
     <project.build.sourceEncoding>UTF-8</project.build.sourceEncoding>
-    <grpc.version>1.31.2-SNAPSHOT</grpc.version><!-- CURRENT_GRPC_VERSION -->
+    <grpc.version>1.31.2</grpc.version><!-- CURRENT_GRPC_VERSION -->
     <protobuf.version>3.12.0</protobuf.version>
     <!-- required for jdk9 -->
     <maven.compiler.source>1.7</maven.compiler.source>
diff --git a/examples/example-hostname/build.gradle b/examples/example-hostname/build.gradle
index e06aa5658ac..f758efebbac 100644
--- a/examples/example-hostname/build.gradle
+++ b/examples/example-hostname/build.gradle
@@ -21,7 +21,7 @@ targetCompatibility = 1.7
 
 // Feel free to delete the comment at the next line. It is just for safely
 // updating the version in our release process.
-def grpcVersion = '1.31.2-SNAPSHOT' // CURRENT_GRPC_VERSION
+def grpcVersion = '1.31.2' // CURRENT_GRPC_VERSION
 def protobufVersion = '3.12.0'
 
 dependencies {
diff --git a/examples/example-hostname/pom.xml b/examples/example-hostname/pom.xml
index 30c0496e993..6123b8d4b53 100644
--- a/examples/example-hostname/pom.xml
+++ b/examples/example-hostname/pom.xml
@@ -6,13 +6,13 @@
   <packaging>jar</packaging>
   <!-- Feel free to delete the comment at the end of these lines. It is just
        for safely updating the version in our release process. -->
-  <version>1.31.2-SNAPSHOT</version><!-- CURRENT_GRPC_VERSION -->
+  <version>1.31.2</version><!-- CURRENT_GRPC_VERSION -->
   <name>example-hostname</name>
   <url>https://github.com/grpc/grpc-java</url>
 
   <properties>
     <project.build.sourceEncoding>UTF-8</project.build.sourceEncoding>
-    <grpc.version>1.31.2-SNAPSHOT</grpc.version><!-- CURRENT_GRPC_VERSION -->
+    <grpc.version>1.31.2</grpc.version><!-- CURRENT_GRPC_VERSION -->
     <protoc.version>3.12.0</protoc.version>
     <!-- required for jdk9 -->
     <maven.compiler.source>1.7</maven.compiler.source>
diff --git a/examples/example-jwt-auth/build.gradle b/examples/example-jwt-auth/build.gradle
index 1c0175828a7..6db8fa27883 100644
--- a/examples/example-jwt-auth/build.gradle
+++ b/examples/example-jwt-auth/build.gradle
@@ -22,7 +22,7 @@ targetCompatibility = 1.7
 
 // Feel free to delete the comment at the next line. It is just for safely
 // updating the version in our release process.
-def grpcVersion = '1.31.2-SNAPSHOT' // CURRENT_GRPC_VERSION
+def grpcVersion = '1.31.2' // CURRENT_GRPC_VERSION
 def protobufVersion = '3.12.0'
 def protocVersion = protobufVersion
 
diff --git a/examples/example-jwt-auth/pom.xml b/examples/example-jwt-auth/pom.xml
index 99470ae3eda..efb6d312165 100644
--- a/examples/example-jwt-auth/pom.xml
+++ b/examples/example-jwt-auth/pom.xml
@@ -7,13 +7,13 @@
   <packaging>jar</packaging>
   <!-- Feel free to delete the comment at the end of these lines. It is just
        for safely updating the version in our release process. -->
-  <version>1.31.2-SNAPSHOT</version><!-- CURRENT_GRPC_VERSION -->
+  <version>1.31.2</version><!-- CURRENT_GRPC_VERSION -->
   <name>example-jwt-auth</name>
   <url>https://github.com/grpc/grpc-java</url>
 
   <properties>
     <project.build.sourceEncoding>UTF-8</project.build.sourceEncoding>
-    <grpc.version>1.31.2-SNAPSHOT</grpc.version><!-- CURRENT_GRPC_VERSION -->
+    <grpc.version>1.31.2</grpc.version><!-- CURRENT_GRPC_VERSION -->
     <protobuf.version>3.12.0</protobuf.version>
     <protoc.version>3.12.0</protoc.version>
     <!-- required for jdk9 -->
diff --git a/examples/example-tls/build.gradle b/examples/example-tls/build.gradle
index afa8fa1c776..c41e4595bf3 100644
--- a/examples/example-tls/build.gradle
+++ b/examples/example-tls/build.gradle
@@ -23,7 +23,7 @@ targetCompatibility = 1.7
 
 // Feel free to delete the comment at the next line. It is just for safely
 // updating the version in our release process.
-def grpcVersion = '1.31.2-SNAPSHOT' // CURRENT_GRPC_VERSION
+def grpcVersion = '1.31.2' // CURRENT_GRPC_VERSION
 def nettyTcNativeVersion = '2.0.30.Final'
 def protocVersion = '3.12.0'
 
diff --git a/examples/example-tls/pom.xml b/examples/example-tls/pom.xml
index fa2400fd922..6885f0e80ae 100644
--- a/examples/example-tls/pom.xml
+++ b/examples/example-tls/pom.xml
@@ -6,13 +6,13 @@
   <packaging>jar</packaging>
   <!-- Feel free to delete the comment at the end of these lines. It is just
        for safely updating the version in our release process. -->
-  <version>1.31.2-SNAPSHOT</version><!-- CURRENT_GRPC_VERSION -->
+  <version>1.31.2</version><!-- CURRENT_GRPC_VERSION -->
   <name>example-tls</name>
   <url>https://github.com/grpc/grpc-java</url>
 
   <properties>
     <project.build.sourceEncoding>UTF-8</project.build.sourceEncoding>
-    <grpc.version>1.31.2-SNAPSHOT</grpc.version><!-- CURRENT_GRPC_VERSION -->
+    <grpc.version>1.31.2</grpc.version><!-- CURRENT_GRPC_VERSION -->
     <protoc.version>3.12.0</protoc.version>
     <netty.tcnative.version>2.0.30.Final</netty.tcnative.version>
     <!-- required for jdk9 -->
diff --git a/examples/example-xds/build.gradle b/examples/example-xds/build.gradle
index 5c0b1a2da13..8245642bc3b 100644
--- a/examples/example-xds/build.gradle
+++ b/examples/example-xds/build.gradle
@@ -18,7 +18,7 @@ targetCompatibility = 1.7
 
 // Feel free to delete the comment at the next line. It is just for safely
 // updating the version in our release process.
-def grpcVersion = '1.31.2-SNAPSHOT' // CURRENT_GRPC_VERSION
+def grpcVersion = '1.31.2' // CURRENT_GRPC_VERSION
 
 dependencies {
     // This example's client is the same as the helloworld client. We depend on the helloworld
diff --git a/examples/pom.xml b/examples/pom.xml
index cc3f983f7ee..3b7e1146e0b 100644
--- a/examples/pom.xml
+++ b/examples/pom.xml
@@ -6,13 +6,13 @@
   <packaging>jar</packaging>
   <!-- Feel free to delete the comment at the end of these lines. It is just
        for safely updating the version in our release process. -->
-  <version>1.31.2-SNAPSHOT</version><!-- CURRENT_GRPC_VERSION -->
+  <version>1.31.2</version><!-- CURRENT_GRPC_VERSION -->
   <name>examples</name>
   <url>https://github.com/grpc/grpc-java</url>
 
   <properties>
     <project.build.sourceEncoding>UTF-8</project.build.sourceEncoding>
-    <grpc.version>1.31.2-SNAPSHOT</grpc.version><!-- CURRENT_GRPC_VERSION -->
+    <grpc.version>1.31.2</grpc.version><!-- CURRENT_GRPC_VERSION -->
     <protobuf.version>3.12.0</protobuf.version>
     <protoc.version>3.12.0</protoc.version>
     <!-- required for jdk9 -->