diff --git a/Cargo.toml b/Cargo.toml
index 985f7c4..2b7ae9f 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -13,7 +13,7 @@ repository = "https://github.com/dspicher/ur-rs/"
 [dependencies]
 bitcoin_hashes = { version = "0.12", default-features = false }
 crc = "3"
-minicbor = { version = "0.19", features = ["alloc"] }
+minicbor = { version = "0.23", features = ["alloc"] }
 phf = { version = "0.11", features = ["macros"], default-features = false }
 rand_xoshiro = "0.6"