diff --git a/CHANGELOG.md b/CHANGELOG.md
index c6d6260be..0e26bb581 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,9 @@
 # Changelog
 
+## 12.8.0 - 2023-10-16
+* [#1590](https://github.com/stripe/stripe-php/pull/1590) Update generated code
+  * Add support for new values `issuing_token.created` and `issuing_token.updated` on enum `Event.type`
+
 ## 12.7.0 - 2023-10-11
 * [#1589](https://github.com/stripe/stripe-php/pull/1589) Update generated code
   * Add support for `client_secret`, `redirect_on_completion`, `return_url`, and `ui_mode` on `Checkout.Session`
diff --git a/VERSION b/VERSION
index e12d94fbf..0aee7e7e9 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-12.7.0
+12.8.0
diff --git a/lib/Stripe.php b/lib/Stripe.php
index 809797220..4fc587e4a 100644
--- a/lib/Stripe.php
+++ b/lib/Stripe.php
@@ -58,7 +58,7 @@ class Stripe
     /** @var float Initial delay between retries, in seconds */
     private static $initialNetworkRetryDelay = 0.5;
 
-    const VERSION = '12.7.0';
+    const VERSION = '12.8.0';
 
     /**
      * @return string the API key used for requests