The Power Apps studio default version is set based on the environment location and the refresh cadence and this version will update automatically, when a new update is released.
You can change this authoring version of the canvas apps in the Power platform environment to an earlier version or the later version available for your environment.
Follow the below steps to view and change the authoring version in the Canvas Apps.
Prerequisites:
- Click on the below article link and create a Microsoft Edge or Google Chrome Profile.
Create a Profile in Microsoft Edge and Google Chrome - Click on the below article link to create Power Apps Trial.
Create Microsoft Power Apps 30 days Online Trial Version
Follow the below steps after the Prerequisites.
Step 1: Click here to Open Power Apps Maker Portal in the new browser profile, created in the Prerequisites.
Or
If you are using US GCC Cloud, then follow the below article for Power Apps Maker Portal URL.
Power Apps US Government service URLs

Step 2: Choose the required Environment.

Step 3: Click on Blank App.

Step 4: Click on Blank canvas app – Create.

Step 5: Provide App name and Choose the Format. Click on Create.

Step 6: Click on Settings.

Step 7: Click on Support.

Step 8: You can see the Authoring version. Click on Edit.

Step 9: Click on Authoring version drop down to view the list of all available versions.

You can see the Authoring version (recommended), which is the stable version.

Versions above to the recommended version are the available versions with the latest Preview and Experimental features.

Versions below to the recommended version are the older versions.

Note: Click here to get more information about the releases.
Step 10: Choose the latest Authoring version and click on Reload + apply version.

Note: Make sure to use the recommended version in Power Apps and use the latest versions to try the latest features and do not use them in production.
Step 11: Click on Save to save the app.

Once the canvas app is saved, you can start using the app with the selected Authoring version’s features.
Note: If you choose to restore the app to a previous version, you will lose the changes (any) made between your latest and previous canvas app versions.
Below are my earlier articles that you can have a look.
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How to Enable Copilot (Preview) feature in Canvas Apps?
How to Debug a Dataverse Plugin without Installing the Profiler in the Plugin Registration Tool?
How to Enable the Licenses (Preview) feature for a Power Platform Environment?
How to Enable Maker Welcome Content (preview) in Power Apps Maker Portal?
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How to Enable the Modern Controls (Preview feature) in the Canvas Apps?
How to Enable 2023 Release Wave 1 updates in the Dataverse Environment?
How to Deploy Enterprise Applications in the new Dataverse Environment?
What is Preview, Experimental and Retired features in Canvas Apps?
How to Enable the New Power Fx Formula Bar in Power Apps Studio?
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How to Create Microsoft Power Apps 30 days Online Trial Version and an Environment?
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Power Apps US Government service URLs
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Microsoft Dataverse and Postman articles
Microsoft Dynamics 365 Online regions list
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How to recover a deleted Environment in Dynamics 365 CRM Online?