diff --git a/CHANGES.md b/CHANGES.md
index dbdf0a1185..745c565740 100644
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -1,3 +1,9 @@
+Synapse 1.38.0 (2021-07-13)
+===========================
+
+No significant changes.
+
+
 Synapse 1.38.0rc3 (2021-07-13)
 ==============================
 
diff --git a/debian/changelog b/debian/changelog
index efc84718a4..573a6fefd0 100644
--- a/debian/changelog
+++ b/debian/changelog
@@ -6,7 +6,7 @@ matrix-synapse-py3 (1.38.0rc3) prerelease; urgency=medium
   [ Synapse Packaging team ]
   * New synapse release 1.38.0rc3.
 
- -- Synapse Packaging team <packages@matrix.org>  Tue, 13 Jul 2021 11:53:56 +0100
+ -- Synapse Packaging team <packages@matrix.org>  Tue, 13 Jul 2021 13:15:40 +0100
 
 matrix-synapse-py3 (1.37.1) stable; urgency=medium
 
diff --git a/synapse/__init__.py b/synapse/__init__.py
index bbd691fba2..5ecce24eee 100644
--- a/synapse/__init__.py
+++ b/synapse/__init__.py
@@ -47,7 +47,7 @@ try:
 except ImportError:
     pass
 
-__version__ = "1.38.0rc3"
+__version__ = "1.38.0"
 
 if bool(os.environ.get("SYNAPSE_TEST_PATCH_LOG_CONTEXTS", False)):
     # We import here so that we don't have to install a bunch of deps when