diff --git a/Cargo.lock b/Cargo.lock
index a86590f8..cf70fbcc 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1886,13 +1886,14 @@ dependencies = [
 
 [[package]]
 name = "honggfuzz"
-version = "0.5.54"
+version = "0.5.55"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "bea09577d948a98a5f59b7c891e274c4fb35ad52f67782b3d0cb53b9c05301f1"
+checksum = "848e9c511092e0daa0a35a63e8e6e475a3e8f870741448b9f6028d69b142f18e"
 dependencies = [
  "arbitrary",
  "lazy_static",
- "memmap",
+ "memmap2",
+ "rustc_version",
 ]
 
 [[package]]
@@ -2470,16 +2471,6 @@ version = "2.4.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "308cc39be01b73d0d18f82a0e7b2a3df85245f84af96fdddc5d202d27e47b86a"
 
-[[package]]
-name = "memmap"
-version = "0.7.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6585fd95e7bb50d6cc31e20d4cf9afb4e2ba16c5846fc76793f11218da9c475b"
-dependencies = [
- "libc",
- "winapi 0.3.9",
-]
-
 [[package]]
 name = "memmap2"
 version = "0.5.3"
diff --git a/ci/fuzz.sh b/ci/fuzz.sh
index c4cf9033..30fe823d 100755
--- a/ci/fuzz.sh
+++ b/ci/fuzz.sh
@@ -3,7 +3,11 @@
 set -e
 cd "$(dirname "$0")/.."
 
-source ./ci/rust-version.sh nightly
+# honggfuzz uses a newer version of arbitrary, which requires a newer version of Rust
+# Once SPL upgrades to Rust 1.63.0, look into removing version specification
+RUST_STABLE_VERSION=1.63.0 source ./ci/rust-version.sh stable
+
+cargo +"$rust_stable" install honggfuzz --version=0.5.55 --force || true
 
 usage() {
   exitcode=0
@@ -25,10 +29,7 @@ if [[ -z $2 ]]; then
   usage "No runtime provided"
 fi
 
-# Temporary workaround using RUSTFLAGS and rust nightly due to:
-# https://github.com/rust-fuzz/honggfuzz-rs/issues/61
-# Once the issue is resolved, remove the RUSTFLAGS and nightly usage everywhere.
-RUSTFLAGS="-Znew-llvm-pass-manager=no" HFUZZ_RUN_ARGS="--run_time $run_time --exit_upon_crash" cargo +"$rust_nightly" hfuzz run $fuzz_target
+HFUZZ_RUN_ARGS="--run_time $run_time --exit_upon_crash" cargo +"$rust_stable" hfuzz run $fuzz_target
 
 # Until https://github.com/rust-fuzz/honggfuzz-rs/issues/16 is resolved,
 # hfuzz does not return an error code on crash, so look for a crash artifact
diff --git a/ci/install-program-deps.sh b/ci/install-program-deps.sh
index 14f10b5e..63415322 100755
--- a/ci/install-program-deps.sh
+++ b/ci/install-program-deps.sh
@@ -9,6 +9,5 @@ set -x
 
 cargo --version
 cargo install rustfilt || true
-cargo install honggfuzz --version=0.5.54 --force || true
 
 cargo +"$rust_stable" build-sbf --version
diff --git a/token-swap/program/fuzz/Cargo.toml b/token-swap/program/fuzz/Cargo.toml
index e64ea795..d67579b1 100644
--- a/token-swap/program/fuzz/Cargo.toml
+++ b/token-swap/program/fuzz/Cargo.toml
@@ -9,7 +9,7 @@ edition = "2018"
 publish = false
 
 [dependencies]
-honggfuzz = { version = "0.5.54" }
+honggfuzz = { version = "0.5.55" }
 arbitrary = { version = "1.0", features = ["derive"] }
 solana-program = "1.11.6"
 spl-math = { version = "0.1", path = "../../../libraries/math", features = [ "no-entrypoint" ] }