diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 81d2de2d2..592b0e152 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "1.31.0"
+  ".": "1.32.0"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 48af2b390..a1cf23b6a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,23 @@
 # Changelog
 
+## [1.32.0](https://github.com/googleapis/google-auth-library-java/compare/v1.31.0...v1.32.0) (2025-02-04)
+
+
+### Features
+
+* Introduce Client-Side Credential Access Boundary (CAB) functionality ([#1629](https://github.com/googleapis/google-auth-library-java/issues/1629)) ([f481123](https://github.com/googleapis/google-auth-library-java/commit/f4811236018502595987eea8ce5f3fa1c7fdbfaf))
+
+
+### Bug Fixes
+
+* Handle 404 and non 200 Status Code from MDS Identity Token calls ([#1636](https://github.com/googleapis/google-auth-library-java/issues/1636)) ([152c851](https://github.com/googleapis/google-auth-library-java/commit/152c851bfb90196437f268a6975e66a89985444b))
+* Respect token_uri from json in UserCredentials creation. ([#1630](https://github.com/googleapis/google-auth-library-java/issues/1630)) ([f92cc4f](https://github.com/googleapis/google-auth-library-java/commit/f92cc4faf46ab6b0b2b5659fdbbd4c83c1c2f0fe))
+
+
+### Documentation
+
+* Re-organize the README + Add a section on migrating to GoogleCredentials ([#1644](https://github.com/googleapis/google-auth-library-java/issues/1644)) ([30b26b2](https://github.com/googleapis/google-auth-library-java/commit/30b26b280268530eb46fb85baa1ca808245e8d26))
+
 ## [1.31.0](https://github.com/googleapis/google-auth-library-java/compare/v1.30.1...v1.31.0) (2025-01-22)
 
 
diff --git a/appengine/pom.xml b/appengine/pom.xml
index 2b2e2d6f3..d8aebe8f5 100644
--- a/appengine/pom.xml
+++ b/appengine/pom.xml
@@ -5,7 +5,7 @@
   <parent>
     <groupId>com.google.auth</groupId>
     <artifactId>google-auth-library-parent</artifactId>
-    <version>1.31.1-SNAPSHOT</version><!-- {x-version-update:google-auth-library-parent:current} -->
+    <version>1.32.0</version><!-- {x-version-update:google-auth-library-parent:current} -->
     <relativePath>../pom.xml</relativePath>
   </parent>
 
diff --git a/bom/pom.xml b/bom/pom.xml
index 47aeae8a3..0f0cabcdf 100644
--- a/bom/pom.xml
+++ b/bom/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.auth</groupId>
   <artifactId>google-auth-library-bom</artifactId>
-  <version>1.31.1-SNAPSHOT</version><!-- {x-version-update:google-auth-library-bom:current} -->
+  <version>1.32.0</version><!-- {x-version-update:google-auth-library-bom:current} -->
   <packaging>pom</packaging>
   <name>Google Auth Library for Java BOM</name>
   <description>
diff --git a/cab-token-generator/pom.xml b/cab-token-generator/pom.xml
index 4a3c3b0ff..fc46944c2 100644
--- a/cab-token-generator/pom.xml
+++ b/cab-token-generator/pom.xml
@@ -6,8 +6,7 @@
   <parent>
     <groupId>com.google.auth</groupId>
     <artifactId>google-auth-library-parent</artifactId>
-    <version>1.31.1-SNAPSHOT
-    </version><!-- {x-version-update:google-auth-library-parent:current} -->
+    <version>1.32.0</version><!-- {x-version-update:google-auth-library-parent:current} -->
   </parent>
 
   <artifactId>google-auth-library-cab-token-generator</artifactId>
diff --git a/credentials/pom.xml b/credentials/pom.xml
index 4e48a9e0f..686eb6135 100644
--- a/credentials/pom.xml
+++ b/credentials/pom.xml
@@ -4,7 +4,7 @@
   <parent>
     <groupId>com.google.auth</groupId>
     <artifactId>google-auth-library-parent</artifactId>
-    <version>1.31.1-SNAPSHOT</version><!-- {x-version-update:google-auth-library-parent:current} -->
+    <version>1.32.0</version><!-- {x-version-update:google-auth-library-parent:current} -->
     <relativePath>../pom.xml</relativePath>
   </parent>
 
diff --git a/oauth2_http/pom.xml b/oauth2_http/pom.xml
index fc49b1387..575c3e0ad 100644
--- a/oauth2_http/pom.xml
+++ b/oauth2_http/pom.xml
@@ -7,7 +7,7 @@
   <parent>
     <groupId>com.google.auth</groupId>
     <artifactId>google-auth-library-parent</artifactId>
-    <version>1.31.1-SNAPSHOT</version><!-- {x-version-update:google-auth-library-parent:current} -->
+    <version>1.32.0</version><!-- {x-version-update:google-auth-library-parent:current} -->
     <relativePath>../pom.xml</relativePath>
   </parent>
 
diff --git a/pom.xml b/pom.xml
index dfb358139..f93cb6a23 100644
--- a/pom.xml
+++ b/pom.xml
@@ -5,7 +5,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.auth</groupId>
   <artifactId>google-auth-library-parent</artifactId>
-  <version>1.31.1-SNAPSHOT</version><!-- {x-version-update:google-auth-library-parent:current} -->
+  <version>1.32.0</version><!-- {x-version-update:google-auth-library-parent:current} -->
   <packaging>pom</packaging>
   <name>Google Auth Library for Java</name>
   <description>Client libraries providing authentication and
diff --git a/versions.txt b/versions.txt
index ee2be5db0..dfd69f089 100644
--- a/versions.txt
+++ b/versions.txt
@@ -1,9 +1,9 @@
 # Format:
 # module:released-version:current-version
 
-google-auth-library:1.31.0:1.31.1-SNAPSHOT
-google-auth-library-bom:1.31.0:1.31.1-SNAPSHOT
-google-auth-library-parent:1.31.0:1.31.1-SNAPSHOT
-google-auth-library-appengine:1.31.0:1.31.1-SNAPSHOT
-google-auth-library-credentials:1.31.0:1.31.1-SNAPSHOT
-google-auth-library-oauth2-http:1.31.0:1.31.1-SNAPSHOT
+google-auth-library:1.32.0:1.32.0
+google-auth-library-bom:1.32.0:1.32.0
+google-auth-library-parent:1.32.0:1.32.0
+google-auth-library-appengine:1.32.0:1.32.0
+google-auth-library-credentials:1.32.0:1.32.0
+google-auth-library-oauth2-http:1.32.0:1.32.0