diff --git a/.github/workflows/ci.yml b/.github/workflows/ci.yml
index 2f3257335..e90087b41 100644
--- a/.github/workflows/ci.yml
+++ b/.github/workflows/ci.yml
@@ -19,9 +19,10 @@ jobs:
       - name: Checkout code
         uses: actions/checkout@v4
 
-      - uses: dtolnay/rust-toolchain@master
+      - name: Set up Rust
+        uses: dtolnay/rust-toolchain@master
         with:
-          toolchain: stable
+          toolchain: 1.92.0
           components: clippy,rustfmt
 
       - name: Check code formatting
@@ -40,9 +41,10 @@ jobs:
       - name: Checkout code
         uses: actions/checkout@v4
 
-      - uses: dtolnay/rust-toolchain@master
+      - name: Set up Rust
+        uses: dtolnay/rust-toolchain@master
         with:
-          toolchain: stable
+          toolchain: 1.92.0
           targets: aarch64-apple-ios-sim,aarch64-apple-ios,x86_64-apple-ios
 
       - name: Build the project (iOS)
@@ -59,15 +61,16 @@ jobs:
         rust:
           - stable
           - nightly
-          - 1.86 # MSRV
+          - 1.92.0 # MSRV
 
     steps:
       - name: Checkout code
         uses: actions/checkout@v4
 
-      - uses: dtolnay/rust-toolchain@master
+      - name: Set up Rust
+        uses: dtolnay/rust-toolchain@master
         with:
-          toolchain: stable
+          toolchain: ${{ matrix.rust }}
 
       - name: Install Foundry
         uses: foundry-rs/foundry-toolchain@v1
diff --git a/.github/workflows/initiate-release.yml b/.github/workflows/initiate-release.yml
index 1d54a5f5e..57ac4a5d9 100644
--- a/.github/workflows/initiate-release.yml
+++ b/.github/workflows/initiate-release.yml
@@ -57,9 +57,10 @@ jobs:
           echo "New version will be: $NEW_VERSION"
           echo "new_version=$NEW_VERSION" >> $GITHUB_OUTPUT
 
-      - uses: dtolnay/rust-toolchain@master
+      - name: Set up Rust
+        uses: dtolnay/rust-toolchain@master
         with:
-          toolchain: stable
+          toolchain: 1.92.0
 
       - name: Install cargo-edit
         run: cargo install cargo-edit
diff --git a/.github/workflows/release.yml b/.github/workflows/release.yml
index 7f3d8313b..8d41638ba 100644
--- a/.github/workflows/release.yml
+++ b/.github/workflows/release.yml
@@ -60,10 +60,12 @@ jobs:
         with:
           ref: ${{ needs.pre-release-checks.outputs.commit_sha }} # to ensure all builds are consistent
 
-      - uses: dtolnay/rust-toolchain@master
+      - name: Set up Rust
+        uses: dtolnay/rust-toolchain@master
         with:
-          toolchain: stable
+          toolchain: 1.92.0
           targets: aarch64-apple-ios-sim,aarch64-apple-ios,x86_64-apple-ios
+          components: rustfmt
 
       - name: Build the project (iOS)
         run: ./build_swift.sh
@@ -152,10 +154,12 @@ jobs:
         with:
           ref: ${{ needs.pre-release-checks.outputs.commit_sha }} # to ensure all builds are consistent
 
-      - uses: dtolnay/rust-toolchain@master
+      - name: Set up Rust
+        uses: dtolnay/rust-toolchain@master
         with:
-          toolchain: stable
+          toolchain: 1.92.0
           targets: ${{ matrix.settings.target }}
+          components: rustfmt
 
       - name: Install Cross
         run: |
@@ -186,10 +190,12 @@ jobs:
         with:
           ref: ${{ needs.pre-release-checks.outputs.commit_sha }} # to ensure all builds are consistent
 
-      - uses: dtolnay/rust-toolchain@master
+      - name: Set up Rust
+        uses: dtolnay/rust-toolchain@master
         with:
-          toolchain: stable
+          toolchain: 1.92.0
           targets: aarch64-linux-android,armv7-linux-androideabi,x86_64-linux-android,i686-linux-android
+          components: rustfmt
 
       - name: Setup Java
         uses: actions/setup-java@v3
@@ -262,9 +268,10 @@ jobs:
         with:
           ref: ${{ needs.pre-release-checks.outputs.commit_sha }} # to ensure all builds are consistent
 
-      - uses: dtolnay/rust-toolchain@master
+      - name: Set up Rust
+        uses: dtolnay/rust-toolchain@master
         with:
-          toolchain: stable
+          toolchain: 1.92.0
 
       - uses: rust-lang/crates-io-auth-action@v1
         id: auth
diff --git a/rust-toolchain.toml b/rust-toolchain.toml
index 74379b068..33aaf0b6b 100644
--- a/rust-toolchain.toml
+++ b/rust-toolchain.toml
@@ -1,5 +1,5 @@
 [toolchain]
-channel = "1.91.0"
+channel = "1.92.0"
 profile = "default"
 components = ["rustfmt", "clippy", "rust-analyzer"]
 targets = [