diff --git a/README.md b/README.md
index 76e84ec45a..12c287c14a 100644
--- a/README.md
+++ b/README.md
@@ -48,7 +48,7 @@ To use `tracing-subscriber`, add the following to your `Cargo.toml`:
 ```toml
 [dependencies]
 tracing = "0.1"
-tracing-subscriber = "0.2"
+tracing-subscriber = "0.3"
 ```
 
 Then create and install a `Subscriber`, for example using [`init()`]:
diff --git a/examples/Cargo.toml b/examples/Cargo.toml
index 6182e8c732..cc422ca4a8 100644
--- a/examples/Cargo.toml
+++ b/examples/Cargo.toml
@@ -15,7 +15,7 @@ tracing-core = { path = "../tracing-core", version = "0.1" }
 tracing-error = { path = "../tracing-error" }
 tracing-flame = { path = "../tracing-flame" }
 tracing-tower = { version = "0.1.0", path = "../tracing-tower" }
-tracing-subscriber = { path = "../tracing-subscriber", version = "0.2", features = ["json", "env-filter"] }
+tracing-subscriber = { path = "../tracing-subscriber", version = "0.3", features = ["json", "env-filter"] }
 tracing-futures = { version = "0.2.1", path = "../tracing-futures", features = ["futures-01"] }
 tracing-attributes = { path = "../tracing-attributes", version = "0.1.2" }
 tracing-log = { path = "../tracing-log", version = "0.1.1", features = ["env_logger"] }
diff --git a/tracing-appender/Cargo.toml b/tracing-appender/Cargo.toml
index a4276ab23d..694aa92ef0 100644
--- a/tracing-appender/Cargo.toml
+++ b/tracing-appender/Cargo.toml
@@ -25,7 +25,7 @@ time = { version = "0.3", default-features = false, features = ["formatting"] }
 
 [dependencies.tracing-subscriber]
 path = "../tracing-subscriber"
-version = "0.2.7"
+version = "0.3"
 default-features = false
 features = ["fmt", "std"]
 
diff --git a/tracing-error/Cargo.toml b/tracing-error/Cargo.toml
index eb0962e02a..092b9b0303 100644
--- a/tracing-error/Cargo.toml
+++ b/tracing-error/Cargo.toml
@@ -38,7 +38,7 @@ default = ["traced-error"]
 traced-error = []
 
 [dependencies]
-tracing-subscriber = { path = "../tracing-subscriber", version = "0.2.19", default-features = false, features = ["registry", "fmt"] }
+tracing-subscriber = { path = "../tracing-subscriber", version = "0.3", default-features = false, features = ["registry", "fmt"] }
 tracing = { path = "../tracing", version = "0.1.12", default-features = false, features = ["std"] }
 
 [badges]
diff --git a/tracing-error/src/layer.rs b/tracing-error/src/layer.rs
index 321a660fda..14c019258a 100644
--- a/tracing-error/src/layer.rs
+++ b/tracing-error/src/layer.rs
@@ -15,10 +15,10 @@ use tracing_subscriber::{
 /// when formatting the fields of each span in a trace. When no formatter is
 /// provided, the [default format] is used instead.
 ///
-/// [`Layer`]: https://docs.rs/tracing-subscriber/0.2.10/tracing_subscriber/layer/trait.Layer.html
+/// [`Layer`]: https://docs.rs/tracing-subscriber/0.3/tracing_subscriber/layer/trait.Layer.html
 /// [`SpanTrace`]: ../struct.SpanTrace.html
-/// [field formatter]: https://docs.rs/tracing-subscriber/0.2.10/tracing_subscriber/fmt/trait.FormatFields.html
-/// [default format]: https://docs.rs/tracing-subscriber/0.2.10/tracing_subscriber/fmt/format/struct.DefaultFields.html
+/// [field formatter]: https://docs.rs/tracing-subscriber/0.3/tracing_subscriber/fmt/trait.FormatFields.html
+/// [default format]: https://docs.rs/tracing-subscriber/0.3/tracing_subscriber/fmt/format/struct.DefaultFields.html
 pub struct ErrorLayer<S, F = DefaultFields> {
     format: F,
 
diff --git a/tracing-flame/Cargo.toml b/tracing-flame/Cargo.toml
index 36ae88c79b..a55263cebc 100644
--- a/tracing-flame/Cargo.toml
+++ b/tracing-flame/Cargo.toml
@@ -25,7 +25,7 @@ default = ["smallvec"]
 smallvec = ["tracing-subscriber/smallvec"]
 
 [dependencies]
-tracing-subscriber = { path = "../tracing-subscriber", version = "0.2.19", default-features = false, features = ["registry", "fmt"] }
+tracing-subscriber = { path = "../tracing-subscriber", version = "0.3", default-features = false, features = ["registry", "fmt"] }
 tracing = { path = "../tracing", version = "0.1.12", default-features = false, features = ["std"] }
 lazy_static = "1.3.0"
 
diff --git a/tracing-journald/Cargo.toml b/tracing-journald/Cargo.toml
index 905a288266..945738d83e 100644
--- a/tracing-journald/Cargo.toml
+++ b/tracing-journald/Cargo.toml
@@ -16,4 +16,4 @@ keywords = ["tracing", "journald"]
 
 [dependencies]
 tracing-core = { path = "../tracing-core", version = "0.1.10" }
-tracing-subscriber = { path = "../tracing-subscriber", version = "0.2.19" }
+tracing-subscriber = { path = "../tracing-subscriber", version = "0.3" }
diff --git a/tracing-opentelemetry/Cargo.toml b/tracing-opentelemetry/Cargo.toml
index f16e76ed1c..45325de665 100644
--- a/tracing-opentelemetry/Cargo.toml
+++ b/tracing-opentelemetry/Cargo.toml
@@ -25,7 +25,7 @@ default = ["tracing-log"]
 opentelemetry = { version = "0.16", default-features = false, features = ["trace"] }
 tracing = { path = "../tracing", version = "0.1", default-features = false, features = ["std"] }
 tracing-core = { path = "../tracing-core", version = "0.1" }
-tracing-subscriber = { path = "../tracing-subscriber", version = "0.2", default-features = false, features = ["registry", "std"] }
+tracing-subscriber = { path = "../tracing-subscriber", version = "0.3", default-features = false, features = ["registry", "std"] }
 tracing-log = { path = "../tracing-log", version = "0.1", default-features = false, optional = true }
 
 [dev-dependencies]
diff --git a/tracing-subscriber/CHANGELOG.md b/tracing-subscriber/CHANGELOG.md
index 898cbe7277..02be3dee29 100644
--- a/tracing-subscriber/CHANGELOG.md
+++ b/tracing-subscriber/CHANGELOG.md
@@ -1,3 +1,82 @@
+# 0.3.0 (Oct 22, 2021)
+
+This is a breaking release of `tracing-subscriber`. The primary breaking change
+in this release is the removal of the dependency on the [`chrono` crate], due to
+[RUSTSEC-2020-0159]. To replace `chrono`, support is added for formatting
+timestamps using the [`time` crate] instead.
+
+In addition, this release includes a number of other breaking API changes, such
+as adding (limited) support for `#![no_std]` targets, removing previously
+deprecated APIs, and more.
+
+### Breaking Changes
+
+- Removed APIs deprecated in the v0.2.x release series.
+- Renamed `Layer::new_span` to `Layer::on_new_span` ([#1674])
+- Removed `Layer` impl for `Arc<L: Layer<S>>` and `Arc<dyn Layer<S> + ...>`
+  ([#1649])
+- Replaced the [`chrono` crate] with the [`time` crate] for timestamp formatting, to
+  resolve [RUSTSEC-2020-0159] ([#1646])
+- Removed `json` and `env-filter` from default features. They must now be
+  enabled explictly ([#1647])
+- Changed `FormatEvent::format_event` and `FormatFields::format_fields`
+  trait methods to take a `Writer` type, rather than a `&mut dyn fmt::Write`
+  trait object ([#1661])
+- Changed the signature of the `MakeWriter` trait by adding a lifetime parameter
+  ([#781])
+### Changed
+
+- **layer**: Renamed `Layer::new_span` to `Layer::on_new_span` ([#1674])
+- **fmt**: Changed `FormatEvent::format_event` and `FormatFields::format_fields`
+  trait methods to take a `Writer` type, rather than a `&mut dyn fmt::Write`
+  trait object ([#1661])
+- **json**, **env-filter**: `json` and `env-filter` feature flags are no longer
+  enabled by default ([#1647])
+### Removed
+
+- Removed deprecated `CurrentSpan` type ([#1320])
+- **registry**: Removed deprecated `SpanRef::parents` iterator, replaced by
+  `SpanRef::scope` in [#1431] ([#1648)])
+- **layer**: Removed deprecated `Context::scope` iterator, replaced by
+  `Context::span_scope` and `Context::event_scope` in [#1431] and [#1434]
+  ([#1648)])
+- **layer**: Removed `Layer` impl for `Arc<L: Layer<S>>` and
+   `Arc<dyn Layer<S> + ...>`. These interfere with per-layer filtering. ([#1649])
+- **fmt**: Removed deprecated `LayerBuilder` type ([#1673])
+- **fmt**: Removed `fmt::Layer::on_event` (renamed to `fmt::Layer::fmt_event`)
+  ([#1673])
+- **fmt**, **chrono**: Removed the `chrono` feature flag and APIs for using the
+  [`chrono` crate] for timestamp formatting ([#1646])
+### Added
+
+- **fmt**, **time**: `LocalTime` and `UtcTime` types for formatting timestamps
+  using the [`time` crate] ([#1646])
+- **fmt**: Added a lifetime parameter to the `MakeWriter` trait, allowing it to
+  return a borrowed writer. This enables implementations of `MakeWriter` for
+  types such as `Mutex<T: io::Write>` and `std::fs::File`. ([#781])
+- **env-filter**: Documentation improvements ([#1637])
+- Support for some APIs on `#![no_std]` targets, by disabling the `std` feature
+  flag ([#1660])
+
+Thanks to @Folyd and @nmathewson for contributing to this release!
+
+[#1320]: https://github.com/tokio-rs/tracing/pull/1320
+[#1673]: https://github.com/tokio-rs/tracing/pull/1673
+[#1674]: https://github.com/tokio-rs/tracing/pull/1674
+[#1646]: https://github.com/tokio-rs/tracing/pull/1646
+[#1647]: https://github.com/tokio-rs/tracing/pull/1647
+[#1648]: https://github.com/tokio-rs/tracing/pull/1648
+[#1649]: https://github.com/tokio-rs/tracing/pull/1649
+[#1660]: https://github.com/tokio-rs/tracing/pull/1660
+[#1661]: https://github.com/tokio-rs/tracing/pull/1661
+[#1431]: https://github.com/tokio-rs/tracing/pull/1431
+[#1434]: https://github.com/tokio-rs/tracing/pull/1434
+[#781]: https://github.com/tokio-rs/tracing/pull/781
+
+[`chrono` crate]: https://crates.io/crates/chrono
+[`time` crate]: https://crates.io/crates/time
+[RUSTSEC-2020-0159]: https://rustsec.org/advisories/RUSTSEC-2020-0159.html
+
 # 0.2.25 (October 5, 2021)
 
 This release fixes an issue where a `Layer` implementation's custom
diff --git a/tracing-subscriber/Cargo.toml b/tracing-subscriber/Cargo.toml
index dcea8dcb82..ff6397aa74 100644
--- a/tracing-subscriber/Cargo.toml
+++ b/tracing-subscriber/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "tracing-subscriber"
-version = "0.2.25"
+version = "0.3.0"
 authors = [
     "Eliza Weisman <eliza@buoyant.io>",
     "David Barsky <me@davidbarsky.com>",
diff --git a/tracing-subscriber/README.md b/tracing-subscriber/README.md
index 2624564739..7b462bad40 100644
--- a/tracing-subscriber/README.md
+++ b/tracing-subscriber/README.md
@@ -21,7 +21,7 @@ Utilities for implementing and composing [`tracing`][tracing] subscribers.
 [crates-badge]: https://img.shields.io/crates/v/tracing-subscriber.svg
 [crates-url]: https://crates.io/crates/tracing-subscriber
 [docs-badge]: https://docs.rs/tracing-subscriber/badge.svg
-[docs-url]: https://docs.rs/tracing-subscriber/0.2.25
+[docs-url]: https://docs.rs/tracing-subscriber/0.3.0
 [docs-master-badge]: https://img.shields.io/badge/docs-master-blue
 [docs-master-url]: https://tracing-rs.netlify.com/tracing_subscriber
 [mit-badge]: https://img.shields.io/badge/license-MIT-blue.svg
diff --git a/tracing-subscriber/src/lib.rs b/tracing-subscriber/src/lib.rs
index 209045283e..a3f7656477 100644
--- a/tracing-subscriber/src/lib.rs
+++ b/tracing-subscriber/src/lib.rs
@@ -126,7 +126,7 @@
 //! [`parking_lot`]: https://crates.io/crates/parking_lot
 //! [`time` crate]: https://crates.io/crates/time
 //! [`liballoc`]: https://doc.rust-lang.org/alloc/index.html
-#![doc(html_root_url = "https://docs.rs/tracing-subscriber/0.2.25")]
+#![doc(html_root_url = "https://docs.rs/tracing-subscriber/0.3.0")]
 #![doc(
     html_logo_url = "https://github.com/raw/tokio-rs/tracing/master/assets/logo-type.png",
     issue_tracker_base_url = "https://github.com/tokio-rs/tracing/issues/"
diff --git a/tracing/README.md b/tracing/README.md
index 18ed47e11b..e3ee55b7e3 100644
--- a/tracing/README.md
+++ b/tracing/README.md
@@ -62,7 +62,7 @@ idiomatic `tracing`.)
 In order to record trace events, executables have to use a `Subscriber`
 implementation compatible with `tracing`. A `Subscriber` implements a way of
 collecting trace data, such as by logging it to standard output. [`tracing_subscriber`](https://docs.rs/tracing-subscriber/)'s
-[`fmt` module](https://docs.rs/tracing-subscriber/0.2.0-alpha.2/tracing_subscriber/fmt/index.html) provides reasonable defaults.
+[`fmt` module](https://docs.rs/tracing-subscriber/0.3/tracing_subscriber/fmt/index.html) provides reasonable defaults.
 Additionally, `tracing-subscriber` is able to consume messages emitted by `log`-instrumented libraries and modules.
 
 The simplest way to use a subscriber is to call the `set_global_default` function.