diff --git a/Cargo.lock b/Cargo.lock
index 1722ee0816..2026f30656 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -5012,9 +5012,9 @@ checksum = "388a1df253eca08550bef6c72392cfe7c30914bf41df5269b68cbd6ff8f570a3"
 
 [[package]]
 name = "serde"
-version = "1.0.202"
+version = "1.0.207"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "226b61a0d411b2ba5ff6d7f73a476ac4f8bb900373459cd00fab8512828ba395"
+checksum = "5665e14a49a4ea1b91029ba7d3bca9f299e1f7cfa194388ccc20f14743e784f2"
 dependencies = [
  "serde_derive",
 ]
@@ -5030,9 +5030,9 @@ dependencies = [
 
 [[package]]
 name = "serde_derive"
-version = "1.0.202"
+version = "1.0.207"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6048858004bcff69094cd972ed40a32500f153bd3be9f716b2eed2e8217c4838"
+checksum = "6aea2634c86b0e8ef2cfdc0c340baede54ec27b1e46febd7f80dffb2aa44a00e"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/Cargo.toml b/Cargo.toml
index de2485ba93..b1ccfbc563 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -62,7 +62,7 @@ scale-encode = { version = "0.6.0", default-features = false }
 scale-info = { version = "2.11", default-features = false }
 schemars = { version = "0.8" }
 secp256k1 = { version = "0.28.2" }
-serde = { version = "1.0.202", default-features = false }
+serde = { version = "1.0.207", default-features = false }
 serde_json = { version = "1.0.117" }
 sha2 = { version = "0.10" }
 sha3 = { version = "0.10" }