diff --git a/CHANGELOG.md b/CHANGELOG.md
index 749e066776..7b68a67c0f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,4 +1,14 @@
 
+1.7.0 / 2024-06-05
+==================
+
+This release contains all of the changes from 1.7.0-RC and is compatible with Kotlin 2.0.
+Please note that for reasons explained in the [1.7.0-RC changelog](https://github.com/Kotlin/kotlinx.serialization/releases/tag/v1.7.0-RC), it may not be possible to use it with the Kotlin 1.9.x
+compiler plugin. Yet, it is still fully backwards compatible with previous versions.
+
+The only difference with 1.7.0-RC is that `classDiscriminatorMode` property in `JsonBuilder` is marked as experimental,
+as it should have been when it was introduced (#2680).
+
 1.7.0-RC / 2024-05-16
 ==================
 
diff --git a/README.md b/README.md
index 7dce89c1de..aef2955c14 100644
--- a/README.md
+++ b/README.md
@@ -5,7 +5,7 @@
 [![GitHub license](https://img.shields.io/badge/license-Apache%20License%202.0-blue.svg?style=flat)](http://www.apache.org/licenses/LICENSE-2.0)
 [![TeamCity build](https://img.shields.io/teamcity/http/teamcity.jetbrains.com/s/KotlinTools_KotlinxSerialization_Ko.svg)](https://teamcity.jetbrains.com/viewType.html?buildTypeId=KotlinTools_KotlinxSerialization_Ko&guest=1)
 [![Kotlin](https://img.shields.io/badge/kotlin-2.0.0-blue.svg?logo=kotlin)](http://kotlinlang.org)
-[![Maven Central](https://img.shields.io/maven-central/v/org.jetbrains.kotlinx/kotlinx-serialization-core/1.7.0-RC)](https://central.sonatype.com/artifact/org.jetbrains.kotlinx/kotlinx-serialization-core/1.7.0-RC)
+[![Maven Central](https://img.shields.io/maven-central/v/org.jetbrains.kotlinx/kotlinx-serialization-core/1.7.0)](https://central.sonatype.com/artifact/org.jetbrains.kotlinx/kotlinx-serialization-core/1.7.0)
 [![KDoc link](https://img.shields.io/badge/API_reference-KDoc-blue)](https://kotlinlang.org/api/kotlinx.serialization/)
 [![Slack channel](https://img.shields.io/badge/chat-slack-blue.svg?logo=slack)](https://kotlinlang.slack.com/messages/serialization/)
 
@@ -95,8 +95,8 @@ Kotlin DSL:
 
 ```kotlin
 plugins {
-    kotlin("jvm") version "2.0.0-RC3" // or kotlin("multiplatform") or any other kotlin plugin
-    kotlin("plugin.serialization") version "2.0.0-RC3"
+    kotlin("jvm") version "2.0.0" // or kotlin("multiplatform") or any other kotlin plugin
+    kotlin("plugin.serialization") version "2.0.0"
 }
 ```       
 
@@ -104,8 +104,8 @@ Groovy DSL:
 
 ```gradle
 plugins {
-    id 'org.jetbrains.kotlin.multiplatform' version '2.0.0-RC3'
-    id 'org.jetbrains.kotlin.plugin.serialization' version '2.0.0-RC3'
+    id 'org.jetbrains.kotlin.multiplatform' version '2.0.0'
+    id 'org.jetbrains.kotlin.plugin.serialization' version '2.0.0'
 }
 ```
 
@@ -123,7 +123,7 @@ buildscript {
     repositories { mavenCentral() }
 
     dependencies {
-        val kotlinVersion = "2.0.0-RC3"
+        val kotlinVersion = "2.0.0"
         classpath(kotlin("gradle-plugin", version = kotlinVersion))
         classpath(kotlin("serialization", version = kotlinVersion))
     }
@@ -134,7 +134,7 @@ Groovy DSL:
 
 ```gradle
 buildscript {
-    ext.kotlin_version = '2.0.0-RC3'
+    ext.kotlin_version = '2.0.0'
     repositories { mavenCentral() }
 
     dependencies {
@@ -164,7 +164,7 @@ repositories {
 }
 
 dependencies {
-    implementation("org.jetbrains.kotlinx:kotlinx-serialization-json:1.7.0-RC")
+    implementation("org.jetbrains.kotlinx:kotlinx-serialization-json:1.7.0")
 }
 ```
 
@@ -176,7 +176,7 @@ repositories {
 }
 
 dependencies {
-    implementation "org.jetbrains.kotlinx:kotlinx-serialization-json:1.7.0-RC"
+    implementation "org.jetbrains.kotlinx:kotlinx-serialization-json:1.7.0"
 }
 ```
 
@@ -266,8 +266,8 @@ Ensure the proper version of Kotlin and serialization version:
 
 ```xml
 <properties>
-    <kotlin.version>2.0.0-RC3</kotlin.version>
-    <serialization.version>1.7.0-RC</serialization.version>
+    <kotlin.version>2.0.0</kotlin.version>
+    <serialization.version>1.7.0</serialization.version>
 </properties>
 ```
 
diff --git a/gradle.properties b/gradle.properties
index 9ccf242b9c..de99883c57 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -3,7 +3,7 @@
 #
 
 group=org.jetbrains.kotlinx
-version=1.7.0-SNAPSHOT
+version=1.7.1-SNAPSHOT
 
 # This version takes precedence if 'bootstrap' property passed to project
 kotlin.version.snapshot=2.0.255-SNAPSHOT
diff --git a/gradle/libs.versions.toml b/gradle/libs.versions.toml
index 6152842710..e3642e2fe1 100644
--- a/gradle/libs.versions.toml
+++ b/gradle/libs.versions.toml
@@ -1,5 +1,5 @@
 [versions]
-kotlin = "2.0.0-RC3"
+kotlin = "2.0.0"
 kover = "0.8.0-Beta2"
 dokka = "1.9.20"
 knit = "0.5.0"
diff --git a/integration-test/gradle.properties b/integration-test/gradle.properties
index 75224e5e9c..3e078369ac 100644
--- a/integration-test/gradle.properties
+++ b/integration-test/gradle.properties
@@ -2,8 +2,8 @@
 # Copyright 2017-2020 JetBrains s.r.o. Use of this source code is governed by the Apache 2.0 license.
 #
 
-mainKotlinVersion=2.0.0-RC3
-mainLibVersion=1.7.0-SNAPSHOT
+mainKotlinVersion=2.0.0
+mainLibVersion=1.7.1-SNAPSHOT
 
 kotlin.code.style=official
 kotlin.js.compiler=ir