diff --git a/CHANGELOG.md b/CHANGELOG.md
index 935e7dbc4c..9001e9fec5 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,128 @@
# Changelog
+## [3.16.8](https://github.com/ynput/OpenPype/tree/3.16.8)
+
+
+[Full Changelog](https://github.com/ynput/OpenPype/compare/3.16.7...3.16.8)
+
+### **🚀 Enhancements**
+
+
+
+Chore: Remove schema from OpenPype root #5355
+
+Remove unused schema directory in root of repository which was moved inside openpype/pipeline/schema.
+
+
+___
+
+
+
+
+
+Igniter: Allow custom Qt scale factor rounding policy #5554
+
+Do not force `PassThrough` rounding policy if different policy is defined via env variable.
+
+
+___
+
+
+
+### **🐛 Bug fixes**
+
+
+
+Chore: Lower urllib3 to support older OpenSSL #5538
+
+Lowered `urllib3` to `1.26.16` to support older OpenSSL.
+
+
+___
+
+
+
+
+
+Chore: Do not try to add schema to zip files #5557
+
+Do not add `schema` folder to zip file. This fixes issue cause by https://github.com/ynput/OpenPype/pull/5355 .
+
+
+___
+
+
+
+
+
+Chore: Lower click dependency version #5629
+
+Lower click version to support older versions of python.
+
+
+___
+
+
+
+### **Merged pull requests**
+
+
+
+Bump certifi from 2023.5.7 to 2023.7.22 #5351
+
+Bumps [certifi](https://github.com/certifi/python-certifi) from 2023.5.7 to 2023.7.22.
+
+Commits
+
+
+
+
+
+[](https://docs.github.com/en/github/managing-security-vulnerabilities/about-dependabot-security-updates#about-compatibility-scores)
+
+You can trigger a rebase of this PR by commenting `@dependabot rebase`.
+
+[//]: # (dependabot-automerge-start)
+[//]: # (dependabot-automerge-end)
+
+---
+
+
+Dependabot commands and options
+
+
+You can trigger Dependabot actions by commenting on this PR:
+- `@dependabot rebase` will rebase this PR
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+You can disable automated security fix PRs for this repo from the [Security Alerts page](https://github.com/ynput/OpenPype/network/alerts).
+
+
+
+> **Note**
+> Automatic rebases have been disabled on this pull request as it has been open for over 30 days.
+
+___
+
+
+
+
+
+
## [3.16.7](https://github.com/ynput/OpenPype/tree/3.16.7)
diff --git a/openpype/version.py b/openpype/version.py
index c593f0f71f..0578bb8780 100644
--- a/openpype/version.py
+++ b/openpype/version.py
@@ -1,3 +1,3 @@
# -*- coding: utf-8 -*-
"""Package declaring Pype version."""
-__version__ = "3.16.7"
+__version__ = "3.16.8"
diff --git a/pyproject.toml b/pyproject.toml
index b394a895e3..c5d5e87f49 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
[tool.poetry]
name = "OpenPype"
-version = "3.16.7" # OpenPype
+version = "3.16.8" # OpenPype
description = "Open VFX and Animation pipeline with support."
authors = ["OpenPype Team "]
license = "MIT License"