diff --git a/Cargo.lock b/Cargo.lock
index 1d984d6d..76dc04d7 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -194,9 +194,9 @@ checksum = "904dfeac50f3cdaba28fc6f57fdcddb75f49ed61346676a78c4ffe55877802fd"
 
 [[package]]
 name = "bech32"
-version = "0.7.2"
+version = "0.8.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "cdcf67bb7ba7797a081cd19009948ab533af7c355d5caf1d08c777582d351e9c"
+checksum = "6c7f7096bc256f5e5cb960f60dfc4f4ef979ca65abe7fb9d5a4f77150d3783d4"
 
 [[package]]
 name = "beef"
diff --git a/zebra-chain/Cargo.toml b/zebra-chain/Cargo.toml
index c22d3269..041ec9b3 100644
--- a/zebra-chain/Cargo.toml
+++ b/zebra-chain/Cargo.toml
@@ -13,7 +13,7 @@ default = []
 proptest-impl = ["proptest", "proptest-derive"]
 
 [dependencies]
-bech32 = "0.7.2"
+bech32 = "0.8.0"
 bitvec = "0.17.4"
 blake2b_simd = "0.5.11"
 blake2s_simd = "0.5.11"