diff --git a/Cargo.lock b/Cargo.lock
index dabcd5dd7..70d19ad41 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -365,9 +365,9 @@ checksum = "8a32fd6af2b5827bce66c29053ba0e7c42b9dcab01835835058558c10851a46b"
 
 [[package]]
 name = "bech32"
-version = "0.8.1"
+version = "0.9.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "cf9ff0bbfd639f15c74af777d81383cf53efb7c93613f6cab67c6c11e05bbf8b"
+checksum = "c5738be7561b0eeb501ef1d5c5db3f24e01ceb55fededd9b00039aada34966ad"
 
 [[package]]
 name = "bellman"
diff --git a/zebra-chain/Cargo.toml b/zebra-chain/Cargo.toml
index 4c8fb164c..7fa3fdad3 100644
--- a/zebra-chain/Cargo.toml
+++ b/zebra-chain/Cargo.toml
@@ -14,7 +14,7 @@ bench = ["zebra-test"]
 
 [dependencies]
 aes = "0.7.5"
-bech32 = "0.8.1"
+bech32 = "0.9.0"
 bigint = "4.4.3"
 bitvec = "0.22"
 bitflags = "1.3.2"