diff --git a/README.md b/README.md
index cd8e2df2aa..b0efed4418 100644
--- a/README.md
+++ b/README.md
@@ -31,7 +31,7 @@ Fresco supports Android 2.3 (Gingerbread) and later.
 If you are building with Gradle, simply add the following line to the `dependencies` section of your `build.gradle` file:
 
 ```groovy
-implementation 'com.facebook.fresco:fresco:3.1.1'
+implementation 'com.facebook.fresco:fresco:3.1.2'
 ```
 
 For full details, visit the documentation on our web site, available in English and Chinese:
diff --git a/docs/_config.yml b/docs/_config.yml
index 0b0fee2269..cc77652632 100644
--- a/docs/_config.yml
+++ b/docs/_config.yml
@@ -13,7 +13,7 @@ timezone: America/Los_Angeles
 ghrepo: "facebook/fresco"
 logo: /static/logo.png
 
-current_version: 3.1.1
+current_version: 3.1.2
 
 support_library_version: 24.2.1
 
diff --git a/gradle.properties b/gradle.properties
index dce8400362..9dbaa7e968 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -18,7 +18,7 @@ org.gradle.jvmargs=-Xmx2048m
 # http://www.gradle.org/docs/current/userguide/multi_project_builds.html#sec:decoupled_projects
 # org.gradle.parallel=true
 
-VERSION_NAME=3.1.1
+VERSION_NAME=3.1.2
 GROUP=com.facebook.fresco
 SONATYPE_STAGING_PROFILE=comfacebook
 POM_URL=https://github.com/facebook/fresco