diff --git a/docs/release-notes/release-notes-0.16.1.md b/docs/release-notes/release-notes-0.16.1.md
new file mode 100644
index 000000000..a0f0bb530
--- /dev/null
+++ b/docs/release-notes/release-notes-0.16.1.md
@@ -0,0 +1,40 @@
+# Release Notes
+
+- [Lightning Terminal](#lightning-terminal)
+    - [Bug Fixes](#bug-fixes)
+    - [Functional Changes/Additions](#functional-changesadditions)
+    - [Technical and Architectural Updates](#technical-and-architectural-updates)
+- [Integrated Binary Updates](#integrated-binary-updates)
+    - [LND](#lnd)
+    - [Loop](#loop)
+    - [Pool](#pool)
+    - [Faraday](#faraday)
+    - [Taproot Assets](#taproot-assets)
+- [Contributors](#contributors-alphabetical-order)
+
+## Lightning Terminal
+
+### Bug Fixes
+
+### Functional Changes/Additions
+
+### Technical and Architectural Updates
+
+## RPC Updates
+
+## Integrated Binary Updates
+
+### LND
+
+### Loop
+
+* [PR](https://github.com/lightninglabs/lightning-terminal/pull/1191): Bump:
+    `loop@v0.31.7-beta`.
+
+### Pool
+
+### Faraday
+
+### Taproot Assets
+
+# Contributors (Alphabetical Order)
\ No newline at end of file
diff --git a/go.mod b/go.mod
index ef5c00a88..f192031f9 100644
--- a/go.mod
+++ b/go.mod
@@ -26,7 +26,7 @@ require (
 	github.com/lightninglabs/lightning-terminal/litrpc v1.0.2
 	github.com/lightninglabs/lightning-terminal/perms v1.0.1
 	github.com/lightninglabs/lndclient v0.20.0-6
-	github.com/lightninglabs/loop v0.31.6-beta
+	github.com/lightninglabs/loop v0.31.7-beta
 	github.com/lightninglabs/loop/looprpc v1.0.12
 	github.com/lightninglabs/loop/swapserverrpc v1.0.19
 	github.com/lightninglabs/pool v0.6.6-beta
diff --git a/go.sum b/go.sum
index ee8fe480e..2022e9360 100644
--- a/go.sum
+++ b/go.sum
@@ -1156,8 +1156,8 @@ github.com/lightninglabs/lightning-node-connect/mailbox v1.0.1 h1:RWmohykp3n/DTM
 github.com/lightninglabs/lightning-node-connect/mailbox v1.0.1/go.mod h1:NYtNexZE9gO1eOeegTxmIW9fqanl7eZ9cOrE9yewSAk=
 github.com/lightninglabs/lndclient v0.20.0-6 h1:sh23eZkOpHxe39c4QRYwhsM7qbnJlS++dXVmcwr0BNk=
 github.com/lightninglabs/lndclient v0.20.0-6/go.mod h1:gBtIFPGmC2xIspGIv/G5+HiPSGJsFD8uIow7Oke1HFI=
-github.com/lightninglabs/loop v0.31.6-beta h1:xzR2CdZVva86eXZIFf2+e8IF3TSk36zrKwR8HDaWIFs=
-github.com/lightninglabs/loop v0.31.6-beta/go.mod h1:WbAFDNs9cYjp8RtvKge7atF+/VMSB8icwiTbLE9R2vs=
+github.com/lightninglabs/loop v0.31.7-beta h1:65Ctj7BXpzpyFrI4+eCUQmW0KcQdJKQOo1c4ksewveA=
+github.com/lightninglabs/loop v0.31.7-beta/go.mod h1:WbAFDNs9cYjp8RtvKge7atF+/VMSB8icwiTbLE9R2vs=
 github.com/lightninglabs/loop/looprpc v1.0.12 h1:seLtW+jhnrbIBQkNrfB14ORrFR050FOb4mnVnPgnptY=
 github.com/lightninglabs/loop/looprpc v1.0.12/go.mod h1:SXuPZdtIimhklu2mz7J75NDUNecGt73M+bmaLr80WN0=
 github.com/lightninglabs/loop/swapserverrpc v1.0.19 h1:unoL94DU7O6+3BTtCFGpkL3MjvawtTM13uXVaZYSJco=