diff --git a/changelog.txt b/changelog.txt
index 2b78a742a29..065efafd188 100644
--- a/changelog.txt
+++ b/changelog.txt
@@ -1,5 +1,13 @@
 == Changelog ==
 
+= 7.2.3 2023-1-9
+
+**WooCommerce Blocks 8.9.4**
+
+* Fix - fatal error in WordPress 5.8 when creating a post or page. #7496
+* Fix - hangs in the block editor with WordPress 5.8. #8095
+* Fix - Filter by Attribute block crashing in the editor of WordPress 5.8. #8101
+
 = 7.2.2 2022-12-21 =
 
 ** WooCommerce**
diff --git a/plugins/woocommerce/changelog/dev-bump-stable-tag b/plugins/woocommerce/changelog/dev-bump-stable-tag
new file mode 100644
index 00000000000..dd91470c3fc
--- /dev/null
+++ b/plugins/woocommerce/changelog/dev-bump-stable-tag
@@ -0,0 +1,3 @@
+Significance: patch
+Type: dev
+Comment: Stable tag bump
diff --git a/plugins/woocommerce/readme.txt b/plugins/woocommerce/readme.txt
index 3e6e005e4a7..fbf8438d6d9 100644
--- a/plugins/woocommerce/readme.txt
+++ b/plugins/woocommerce/readme.txt
@@ -4,7 +4,7 @@ Tags: online store, ecommerce, shop, shopping cart, sell online, storefront, che
 Requires at least: 5.9
 Tested up to: 6.1
 Requires PHP: 7.2
-Stable tag: 7.1.1
+Stable tag: 7.2.3
 License: GPLv3
 License URI: https://www.gnu.org/licenses/gpl-3.0.html