diff --git a/Cargo.toml b/Cargo.toml
index c3d263f..afb6460 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -31,7 +31,7 @@ strict_encoding = { version = "2.2.0", default-features = false, features = ["fl
 strict_types = { version = "1.2.0", optional = true }
 sha2 = "0.10.6"
 ripemd = "0.1.3"
-baid58 = "0.3.1"
+baid58 = "0.3.2"
 secp256k1 = { version = "0.27.0", optional = true, features = ["global-context"] }
 curve25519-dalek = { version = "3.2", optional = true }
 half = "2.1.0"