diff --git a/build.gradle b/build.gradle
index 49350d47233..f3f2004a1f7 100644
--- a/build.gradle
+++ b/build.gradle
@@ -19,7 +19,7 @@ subprojects {
     apply plugin: "net.ltgt.errorprone"
 
     group = "io.grpc"
-    version = "1.31.0-SNAPSHOT" // CURRENT_GRPC_VERSION
+    version = "1.31.0" // 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 878e975d8c4..c0f40260091 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 1.31.0-SNAPSHOT)",
+    value = "by gRPC proto compiler (version 1.31.0)",
     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 72379370a09..96a3c338195 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 1.31.0-SNAPSHOT)",
+    value = "by gRPC proto compiler (version 1.31.0)",
     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 1f3752b70b5..9a9b4df371c 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 1.31.0-SNAPSHOT)",
+    value = "by gRPC proto compiler (version 1.31.0)",
     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 26621d19c2f..1c8bad5792e 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 1.31.0-SNAPSHOT)",
+    value = "by gRPC proto compiler (version 1.31.0)",
     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 cd87100e10c..0686368622c 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 = "1.31.0-SNAPSHOT"; // CURRENT_GRPC_VERSION
+  private static final String IMPLEMENTATION_VERSION = "1.31.0"; // 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 9ca462d909c..08428f03b91 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:1.31.0-SNAPSHOT' // CURRENT_GRPC_VERSION
+        grpc { artifact = 'io.grpc:protoc-gen-grpc-java:1.31.0' // 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:1.31.0-SNAPSHOT' // CURRENT_GRPC_VERSION
-    implementation 'io.grpc:grpc-protobuf-lite:1.31.0-SNAPSHOT' // CURRENT_GRPC_VERSION
-    implementation 'io.grpc:grpc-stub:1.31.0-SNAPSHOT' // CURRENT_GRPC_VERSION
+    implementation 'io.grpc:grpc-okhttp:1.31.0' // CURRENT_GRPC_VERSION
+    implementation 'io.grpc:grpc-protobuf-lite:1.31.0' // CURRENT_GRPC_VERSION
+    implementation 'io.grpc:grpc-stub:1.31.0' // 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:1.31.0-SNAPSHOT' // CURRENT_GRPC_VERSION
+    testImplementation 'io.grpc:grpc-testing:1.31.0' // CURRENT_GRPC_VERSION
 }
diff --git a/examples/android/helloworld/app/build.gradle b/examples/android/helloworld/app/build.gradle
index e8209b9dca4..6ede19c993a 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:1.31.0-SNAPSHOT' // CURRENT_GRPC_VERSION
+        grpc { artifact = 'io.grpc:protoc-gen-grpc-java:1.31.0' // 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:1.31.0-SNAPSHOT' // CURRENT_GRPC_VERSION
-    implementation 'io.grpc:grpc-protobuf-lite:1.31.0-SNAPSHOT' // CURRENT_GRPC_VERSION
-    implementation 'io.grpc:grpc-stub:1.31.0-SNAPSHOT' // CURRENT_GRPC_VERSION
+    implementation 'io.grpc:grpc-okhttp:1.31.0' // CURRENT_GRPC_VERSION
+    implementation 'io.grpc:grpc-protobuf-lite:1.31.0' // CURRENT_GRPC_VERSION
+    implementation 'io.grpc:grpc-stub:1.31.0' // 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 76982b8c949..6129ad227c2 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:1.31.0-SNAPSHOT' // CURRENT_GRPC_VERSION
+        grpc { artifact = 'io.grpc:protoc-gen-grpc-java:1.31.0' // 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:1.31.0-SNAPSHOT' // CURRENT_GRPC_VERSION
-    implementation 'io.grpc:grpc-protobuf-lite:1.31.0-SNAPSHOT' // CURRENT_GRPC_VERSION
-    implementation 'io.grpc:grpc-stub:1.31.0-SNAPSHOT' // CURRENT_GRPC_VERSION
+    implementation 'io.grpc:grpc-okhttp:1.31.0' // CURRENT_GRPC_VERSION
+    implementation 'io.grpc:grpc-protobuf-lite:1.31.0' // CURRENT_GRPC_VERSION
+    implementation 'io.grpc:grpc-stub:1.31.0' // 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 5b1084d534d..a713b6fb84c 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:1.31.0-SNAPSHOT' // CURRENT_GRPC_VERSION
+        grpc { artifact = 'io.grpc:protoc-gen-grpc-java:1.31.0' // 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:1.31.0-SNAPSHOT' // CURRENT_GRPC_VERSION
-    implementation 'io.grpc:grpc-protobuf-lite:1.31.0-SNAPSHOT' // CURRENT_GRPC_VERSION
-    implementation 'io.grpc:grpc-stub:1.31.0-SNAPSHOT' // CURRENT_GRPC_VERSION
+    implementation 'io.grpc:grpc-okhttp:1.31.0' // CURRENT_GRPC_VERSION
+    implementation 'io.grpc:grpc-protobuf-lite:1.31.0' // CURRENT_GRPC_VERSION
+    implementation 'io.grpc:grpc-stub:1.31.0' // CURRENT_GRPC_VERSION
     implementation 'org.apache.tomcat:annotations-api:6.0.53'
 }
diff --git a/examples/build.gradle b/examples/build.gradle
index c4ee9175de5..8fb8f10c3d5 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 = '1.31.0-SNAPSHOT' // CURRENT_GRPC_VERSION
+def grpcVersion = '1.31.0' // 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 e468e06afd6..be1d492ff25 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 = '1.31.0-SNAPSHOT' // CURRENT_GRPC_VERSION
+def grpcVersion = '1.31.0' // CURRENT_GRPC_VERSION
 def protocVersion = '3.12.0'
 
 dependencies {
diff --git a/examples/example-gauth/build.gradle b/examples/example-gauth/build.gradle
index 9505afba55b..1492d16809a 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 = '1.31.0-SNAPSHOT' // CURRENT_GRPC_VERSION
+def grpcVersion = '1.31.0' // 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 4072a98d714..d81c7b671f3 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>1.31.0-SNAPSHOT</version><!-- CURRENT_GRPC_VERSION -->
+  <version>1.31.0</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>1.31.0-SNAPSHOT</grpc.version><!-- CURRENT_GRPC_VERSION -->
+    <grpc.version>1.31.0</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 7f3c1f53713..196f9421c9f 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 = '1.31.0-SNAPSHOT' // CURRENT_GRPC_VERSION
+def grpcVersion = '1.31.0' // CURRENT_GRPC_VERSION
 def protobufVersion = '3.12.0'
 
 dependencies {
diff --git a/examples/example-hostname/pom.xml b/examples/example-hostname/pom.xml
index 9c27bfc500d..7fa18d2d32e 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>1.31.0-SNAPSHOT</version><!-- CURRENT_GRPC_VERSION -->
+  <version>1.31.0</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>1.31.0-SNAPSHOT</grpc.version><!-- CURRENT_GRPC_VERSION -->
+    <grpc.version>1.31.0</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 351b8576a7a..931c421f967 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 = '1.31.0-SNAPSHOT' // CURRENT_GRPC_VERSION
+def grpcVersion = '1.31.0' // 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 00127d3a6c4..38781a29d7a 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>1.31.0-SNAPSHOT</version><!-- CURRENT_GRPC_VERSION -->
+  <version>1.31.0</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>1.31.0-SNAPSHOT</grpc.version><!-- CURRENT_GRPC_VERSION -->
+    <grpc.version>1.31.0</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 fe21a94c4a5..511fd3878c6 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 = '1.31.0-SNAPSHOT' // CURRENT_GRPC_VERSION
+def grpcVersion = '1.31.0' // 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 cca6c711827..f2790e6837f 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>1.31.0-SNAPSHOT</version><!-- CURRENT_GRPC_VERSION -->
+  <version>1.31.0</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>1.31.0-SNAPSHOT</grpc.version><!-- CURRENT_GRPC_VERSION -->
+    <grpc.version>1.31.0</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 40fa0f47803..f24c72c382d 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 = '1.31.0-SNAPSHOT' // CURRENT_GRPC_VERSION
+def grpcVersion = '1.31.0' // 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 f55466332bd..197888fb61a 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>1.31.0-SNAPSHOT</version><!-- CURRENT_GRPC_VERSION -->
+  <version>1.31.0</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>1.31.0-SNAPSHOT</grpc.version><!-- CURRENT_GRPC_VERSION -->
+    <grpc.version>1.31.0</grpc.version><!-- CURRENT_GRPC_VERSION -->
     <protobuf.version>3.12.0</protobuf.version>
     <protoc.version>3.12.0</protoc.version>
     <!-- required for jdk9 -->