diff --git a/Cargo.lock b/Cargo.lock
index 54d744746bd..35d4d62a66e 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -5231,11 +5231,11 @@ dependencies = [
 
 [[package]]
 name = "serde_with"
-version = "3.7.0"
+version = "3.8.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ee80b0e361bbf88fd2f6e242ccd19cfda072cb0faa6ae694ecee08199938569a"
+checksum = "2c85f8e96d1d6857f13768fcbd895fcb06225510022a2774ed8b5150581847b0"
 dependencies = [
- "base64 0.21.7",
+ "base64 0.22.0",
  "chrono",
  "hex",
  "indexmap 1.9.3",
@@ -5249,9 +5249,9 @@ dependencies = [
 
 [[package]]
 name = "serde_with_macros"
-version = "3.7.0"
+version = "3.8.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6561dc161a9224638a31d876ccdfefbc1df91d3f3a8342eddb35f055d48c7655"
+checksum = "c8b3a576c4eb2924262d5951a3b737ccaf16c931e39a2810c36f9a7e25575557"
 dependencies = [
  "darling",
  "proc-macro2",
diff --git a/Cargo.toml b/Cargo.toml
index a7ab70ee433..ec2d6a7cac7 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -120,7 +120,7 @@ rustc-hash = "1.1.0"
 serde = { version = "1.0.198", default-features = false }
 serde_json = { version = "1.0.116", default-features = false }
 serde_yaml = "0.9.34"
-serde_with = { version = "3.7.0", default-features = false }
+serde_with = { version = "3.8.0", default-features = false }
 parity-scale-codec = { version = "3.6.9", default-features = false }
 json5 = "0.4.1"
 toml = "0.8.12"