diff --git a/CHANGELOG.md b/CHANGELOG.md
index eac24ff9..8526c6df 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,9 @@
 # Changelog
 
+## v2.32.1
+
+- Desktop: Downgrade dependency for client
+
 ## v2.32.0
 
 - Add callback for low upload bandwidth in a video call
diff --git a/SignalRingRTC.podspec b/SignalRingRTC.podspec
index 5b31dde9..ffa84d82 100644
--- a/SignalRingRTC.podspec
+++ b/SignalRingRTC.podspec
@@ -8,7 +8,7 @@
 
 Pod::Spec.new do |s|
   s.name             = "SignalRingRTC"
-  s.version          = "2.32.0"
+  s.version          = "2.32.1"
   s.summary          = "A Swift & Objective-C library used by the Signal iOS app for WebRTC interactions."
 
   s.description      = <<-DESC
diff --git a/acknowledgments/acknowledgments.html b/acknowledgments/acknowledgments.html
index 377cc7c5..26d72935 100644
--- a/acknowledgments/acknowledgments.html
+++ b/acknowledgments/acknowledgments.html
@@ -732,7 +732,7 @@ <h3 id="AGPL-3.0">GNU Affero General Public License v3.0 (synthesized)</h3>
                 <h4>Used by:</h4>
                 <ul class="license-used-by">
                     <li><a href="https://crates.io/crates/regex-aot">regex-aot 0.1.0</a></li>
-                    <li><a href="https://crates.io/crates/ringrtc">ringrtc 2.32.0</a></li>
+                    <li><a href="https://crates.io/crates/ringrtc">ringrtc 2.32.1</a></li>
                 </ul>
                 <pre class="license-text">GNU AFFERO GENERAL PUBLIC LICENSE
 Version 3, 19 November 2007
diff --git a/acknowledgments/acknowledgments.md b/acknowledgments/acknowledgments.md
index b61d99d0..f5c24759 100644
--- a/acknowledgments/acknowledgments.md
+++ b/acknowledgments/acknowledgments.md
@@ -669,7 +669,7 @@ For more information on this, and how to apply and follow the GNU AGPL, see
 
 ```
 
-## regex-aot 0.1.0, ringrtc 2.32.0
+## regex-aot 0.1.0, ringrtc 2.32.1
 
 ```
 GNU AFFERO GENERAL PUBLIC LICENSE
diff --git a/acknowledgments/acknowledgments.plist b/acknowledgments/acknowledgments.plist
index 0120af53..56328fb4 100644
--- a/acknowledgments/acknowledgments.plist
+++ b/acknowledgments/acknowledgments.plist
@@ -924,7 +924,7 @@ You should also get your employer (if you work as a programmer) or school, if an
 			<key>License</key>
 			<string>GNU Affero General Public License v3.0</string>
 			<key>Title</key>
-			<string>regex-aot 0.1.0, ringrtc 2.32.0</string>
+			<string>regex-aot 0.1.0, ringrtc 2.32.1</string>
 			<key>Type</key>
 			<string>PSGroupSpecifier</string>
 		</dict>
diff --git a/config/version.properties b/config/version.properties
index 2480e74b..94440285 100644
--- a/config/version.properties
+++ b/config/version.properties
@@ -2,4 +2,4 @@ webrtc.version=5845f
 
 ringrtc.version.major=2
 ringrtc.version.minor=32
-ringrtc.version.revision=0
+ringrtc.version.revision=1
diff --git a/src/node/package.json b/src/node/package.json
index 9fa7f488..75bcc170 100644
--- a/src/node/package.json
+++ b/src/node/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@signalapp/ringrtc",
-  "version": "2.32.0",
+  "version": "2.32.1",
   "description": "Signal Messenger voice and video calling library.",
   "main": "dist/index.js",
   "types": "dist/index.d.ts",
diff --git a/src/rust/Cargo.lock b/src/rust/Cargo.lock
index b25e4d63..a21c212d 100644
--- a/src/rust/Cargo.lock
+++ b/src/rust/Cargo.lock
@@ -1491,7 +1491,7 @@ dependencies = [
 
 [[package]]
 name = "ringrtc"
-version = "2.32.0"
+version = "2.32.1"
 dependencies = [
  "aes",
  "aes-gcm-siv",
diff --git a/src/rust/Cargo.toml b/src/rust/Cargo.toml
index 489fe214..44ca9a90 100644
--- a/src/rust/Cargo.toml
+++ b/src/rust/Cargo.toml
@@ -5,7 +5,7 @@
 
 [package]
 name = "ringrtc"
-version = "2.32.0"
+version = "2.32.1"
 authors = ["Calling Team <callingteam@signal.org>"]
 edition = "2021"
 description = "A Rust interface for WebRTC"