diff --git a/rust/Cargo.lock b/rust/Cargo.lock
index 992ae987..e35137d8 100644
--- a/rust/Cargo.lock
+++ b/rust/Cargo.lock
@@ -25,9 +25,9 @@ checksum = "cdb031dd78e28731d87d56cc8ffef4a8f36ca26c38fe2de700543e627f8a464a"
 
 [[package]]
 name = "bech32"
-version = "0.7.3"
+version = "0.9.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "2dabbe35f96fb9507f7330793dc490461b2962659ac5d427181e451a623751d1"
+checksum = "d86b93f97252c47b41663388e6d155714a9d0c398b99f1005cbc5f978b29f445"
 
 [[package]]
 name = "bitflags"
diff --git a/rust/Cargo.toml b/rust/Cargo.toml
index 4c965ff2..812cca81 100644
--- a/rust/Cargo.toml
+++ b/rust/Cargo.toml
@@ -21,7 +21,7 @@ cbor_event = "2.1.3"
 ed25519-bip32 = "0.4.1"
 sha2 = "^0.9"
 digest = "^0.9"
-bech32 = "0.7.2"
+bech32 = "0.9.1"
 hex = "0.4.0"
 cfg-if = "1"
 linked-hash-map = "0.5.3"