diff --git a/CHANGELOG.md b/CHANGELOG.md
index a18f084f1..0f2556e7c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,8 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+## [1.0.0-rc.1] - 2024-11-15
+
 ## [1.0.0-alpha.3] - 2024-11-14
 
 ## [1.0.0-alpha.2] - 2024-11-14
@@ -388,7 +390,8 @@ It is possible to migrate critical data from the old db to the sqlite but there
 - Fixed an issue where Alice would not verify if Bob's Bitcoin lock transaction is semantically correct, i.e. pays the agreed upon amount to an output owned by both of them.
   Fixing this required a **breaking change** on the network layer and hence old versions are not compatible with this version.
 
-[unreleased]: https://github.com/UnstoppableSwap/core/compare/1.0.0-alpha.3...HEAD
+[unreleased]: https://github.com/UnstoppableSwap/core/compare/1.0.0-rc.1...HEAD
+[1.0.0-rc.1]: https://github.com/UnstoppableSwap/core/compare/1.0.0-alpha.3...1.0.0-rc.1
 [1.0.0-alpha.3]: https://github.com/UnstoppableSwap/core/compare/1.0.0-alpha.2...1.0.0-alpha.3
 [1.0.0-alpha.2]: https://github.com/UnstoppableSwap/core/compare/1.0.0-alpha.1...1.0.0-alpha.2
 [1.0.0-alpha.1]: https://github.com/UnstoppableSwap/core/compare/0.13.2...1.0.0-alpha.1
diff --git a/Cargo.lock b/Cargo.lock
index 5ca074052..e9c3f9062 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -7937,7 +7937,7 @@ checksum = "734676eb262c623cec13c3155096e08d1f8f29adce39ba17948b18dad1e54142"
 
 [[package]]
 name = "swap"
-version = "1.0.0-alpha.3"
+version = "1.0.0-rc.1"
 dependencies = [
  "anyhow",
  "async-compression",
@@ -9504,7 +9504,7 @@ dependencies = [
 
 [[package]]
 name = "unstoppableswap-gui-rs"
-version = "1.0.0-alpha.3"
+version = "1.0.0-rc.1"
 dependencies = [
  "anyhow",
  "once_cell",
diff --git a/src-tauri/tauri.conf.json b/src-tauri/tauri.conf.json
index 2a4d95f49..3f8fe33bf 100644
--- a/src-tauri/tauri.conf.json
+++ b/src-tauri/tauri.conf.json
@@ -1,6 +1,6 @@
 {
   "productName": "UnstoppableSwap",
-  "version": "1.0.0-alpha.3",
+  "version": "1.0.0-rc.1",
   "identifier": "net.unstoppableswap.gui",
   "build": {
     "devUrl": "http://localhost:1420",
diff --git a/swap/Cargo.toml b/swap/Cargo.toml
index 3bc9a4626..877a786f9 100644
--- a/swap/Cargo.toml
+++ b/swap/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "swap"
-version = "1.0.0-alpha.3"
+version = "1.0.0-rc.1"
 authors = [ "The COMIT guys <hello@comit.network>" ]
 edition = "2021"
 description = "XMR/BTC trustless atomic swaps."