diff --git a/examples/controlnet/train_controlnet.py b/examples/controlnet/train_controlnet.py
index d52e610ca5..9b9ba5ab73 100644
--- a/examples/controlnet/train_controlnet.py
+++ b/examples/controlnet/train_controlnet.py
@@ -55,7 +55,7 @@ if is_wandb_available():
     import wandb
 
 # Will error if the minimal version of diffusers is not installed. Remove at your own risks.
-check_min_version("0.16.0.dev0")
+check_min_version("0.16.0")
 
 logger = get_logger(__name__)
 
diff --git a/examples/controlnet/train_controlnet_flax.py b/examples/controlnet/train_controlnet_flax.py
index b25f932540..aff361cb6e 100644
--- a/examples/controlnet/train_controlnet_flax.py
+++ b/examples/controlnet/train_controlnet_flax.py
@@ -59,7 +59,7 @@ if is_wandb_available():
     import wandb
 
 # Will error if the minimal version of diffusers is not installed. Remove at your own risks.
-check_min_version("0.16.0.dev0")
+check_min_version("0.16.0")
 
 logger = logging.getLogger(__name__)
 
diff --git a/examples/custom_diffusion/train_custom_diffusion.py b/examples/custom_diffusion/train_custom_diffusion.py
index 49b05e6b5d..0954f3d6e7 100644
--- a/examples/custom_diffusion/train_custom_diffusion.py
+++ b/examples/custom_diffusion/train_custom_diffusion.py
@@ -56,7 +56,7 @@ from diffusers.utils.import_utils import is_xformers_available
 
 
 # Will error if the minimal version of diffusers is not installed. Remove at your own risks.
-check_min_version("0.15.0.dev0")
+check_min_version("0.16.0")
 
 logger = get_logger(__name__)
 
diff --git a/examples/dreambooth/train_dreambooth.py b/examples/dreambooth/train_dreambooth.py
index 4f731aa1f7..a9449002ca 100644
--- a/examples/dreambooth/train_dreambooth.py
+++ b/examples/dreambooth/train_dreambooth.py
@@ -56,7 +56,7 @@ if is_wandb_available():
     import wandb
 
 # Will error if the minimal version of diffusers is not installed. Remove at your own risks.
-check_min_version("0.16.0.dev0")
+check_min_version("0.16.0")
 
 logger = get_logger(__name__)
 
diff --git a/examples/dreambooth/train_dreambooth_flax.py b/examples/dreambooth/train_dreambooth_flax.py
index 8583f64c6f..1a4ca9153c 100644
--- a/examples/dreambooth/train_dreambooth_flax.py
+++ b/examples/dreambooth/train_dreambooth_flax.py
@@ -36,7 +36,7 @@ from diffusers.utils import check_min_version
 
 
 # Will error if the minimal version of diffusers is not installed. Remove at your own risks.
-check_min_version("0.16.0.dev0")
+check_min_version("0.16.0")
 
 # Cache compiled models across invocations of this script.
 cc.initialize_cache(os.path.expanduser("~/.cache/jax/compilation_cache"))
diff --git a/examples/dreambooth/train_dreambooth_lora.py b/examples/dreambooth/train_dreambooth_lora.py
index 367a3422de..805a8d1eea 100644
--- a/examples/dreambooth/train_dreambooth_lora.py
+++ b/examples/dreambooth/train_dreambooth_lora.py
@@ -55,7 +55,7 @@ from diffusers.utils.import_utils import is_xformers_available
 
 
 # Will error if the minimal version of diffusers is not installed. Remove at your own risks.
-check_min_version("0.16.0.dev0")
+check_min_version("0.16.0")
 
 logger = get_logger(__name__)
 
diff --git a/examples/instruct_pix2pix/train_instruct_pix2pix.py b/examples/instruct_pix2pix/train_instruct_pix2pix.py
index 155c370614..dc5a1c3081 100644
--- a/examples/instruct_pix2pix/train_instruct_pix2pix.py
+++ b/examples/instruct_pix2pix/train_instruct_pix2pix.py
@@ -51,7 +51,7 @@ from diffusers.utils.import_utils import is_xformers_available
 
 
 # Will error if the minimal version of diffusers is not installed. Remove at your own risks.
-check_min_version("0.16.0.dev0")
+check_min_version("0.16.0")
 
 logger = get_logger(__name__, log_level="INFO")
 
diff --git a/examples/text_to_image/train_text_to_image.py b/examples/text_to_image/train_text_to_image.py
index 67724698c0..1d6db2a6f1 100644
--- a/examples/text_to_image/train_text_to_image.py
+++ b/examples/text_to_image/train_text_to_image.py
@@ -50,7 +50,7 @@ if is_wandb_available():
 
 
 # Will error if the minimal version of diffusers is not installed. Remove at your own risks.
-check_min_version("0.16.0.dev0")
+check_min_version("0.16.0")
 
 logger = get_logger(__name__, log_level="INFO")
 
diff --git a/examples/text_to_image/train_text_to_image_flax.py b/examples/text_to_image/train_text_to_image_flax.py
index d44731896c..c5dc71f053 100644
--- a/examples/text_to_image/train_text_to_image_flax.py
+++ b/examples/text_to_image/train_text_to_image_flax.py
@@ -33,7 +33,7 @@ from diffusers.utils import check_min_version
 
 
 # Will error if the minimal version of diffusers is not installed. Remove at your own risks.
-check_min_version("0.16.0.dev0")
+check_min_version("0.16.0")
 
 logger = logging.getLogger(__name__)
 
diff --git a/examples/text_to_image/train_text_to_image_lora.py b/examples/text_to_image/train_text_to_image_lora.py
index 8dfd96904b..39bdb4e59a 100644
--- a/examples/text_to_image/train_text_to_image_lora.py
+++ b/examples/text_to_image/train_text_to_image_lora.py
@@ -47,7 +47,7 @@ from diffusers.utils.import_utils import is_xformers_available
 
 
 # Will error if the minimal version of diffusers is not installed. Remove at your own risks.
-check_min_version("0.16.0.dev0")
+check_min_version("0.16.0")
 
 logger = get_logger(__name__, log_level="INFO")
 
diff --git a/examples/textual_inversion/textual_inversion.py b/examples/textual_inversion/textual_inversion.py
index d7be58bdb9..824759cc4c 100644
--- a/examples/textual_inversion/textual_inversion.py
+++ b/examples/textual_inversion/textual_inversion.py
@@ -77,7 +77,7 @@ else:
 
 
 # Will error if the minimal version of diffusers is not installed. Remove at your own risks.
-check_min_version("0.16.0.dev0")
+check_min_version("0.16.0")
 
 logger = get_logger(__name__)
 
diff --git a/examples/textual_inversion/textual_inversion_flax.py b/examples/textual_inversion/textual_inversion_flax.py
index 1d77753791..19553ceb92 100644
--- a/examples/textual_inversion/textual_inversion_flax.py
+++ b/examples/textual_inversion/textual_inversion_flax.py
@@ -56,7 +56,7 @@ else:
 # ------------------------------------------------------------------------------
 
 # Will error if the minimal version of diffusers is not installed. Remove at your own risks.
-check_min_version("0.16.0.dev0")
+check_min_version("0.16.0")
 
 logger = logging.getLogger(__name__)
 
diff --git a/examples/unconditional_image_generation/train_unconditional.py b/examples/unconditional_image_generation/train_unconditional.py
index c004acc2d8..836a38f962 100644
--- a/examples/unconditional_image_generation/train_unconditional.py
+++ b/examples/unconditional_image_generation/train_unconditional.py
@@ -28,7 +28,7 @@ from diffusers.utils.import_utils import is_xformers_available
 
 
 # Will error if the minimal version of diffusers is not installed. Remove at your own risks.
-check_min_version("0.16.0.dev0")
+check_min_version("0.16.0")
 
 logger = get_logger(__name__, log_level="INFO")
 
diff --git a/setup.py b/setup.py
index 19cc1dca73..ea98b5d102 100644
--- a/setup.py
+++ b/setup.py
@@ -226,7 +226,7 @@ install_requires = [
 
 setup(
     name="diffusers",
-    version="0.16.0.dev0",  # expected format is one of x.y.z.dev0, or x.y.z.rc1 or x.y.z (no to dashes, yes to dots)
+    version="0.16.0",  # expected format is one of x.y.z.dev0, or x.y.z.rc1 or x.y.z (no to dashes, yes to dots)
     description="Diffusers",
     long_description=open("README.md", "r", encoding="utf-8").read(),
     long_description_content_type="text/markdown",
diff --git a/src/diffusers/__init__.py b/src/diffusers/__init__.py
index 58c7b8a37a..2df9239576 100644
--- a/src/diffusers/__init__.py
+++ b/src/diffusers/__init__.py
@@ -1,4 +1,4 @@
-__version__ = "0.16.0.dev0"
+__version__ = "0.16.0"
 
 from .configuration_utils import ConfigMixin
 from .utils import (