diff --git a/Cargo.lock b/Cargo.lock
index f915caeb976..9917d9c2856 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4660,9 +4660,9 @@ dependencies = [
 
 [[package]]
 name = "serde"
-version = "1.0.197"
+version = "1.0.198"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "3fb1c873e1b9b056a4dc4c0c198b24c3ffa059243875552b2bd0933b1aee4ce2"
+checksum = "9846a40c979031340571da2545a4e5b7c4163bdae79b301d5f86d03979451fcc"
 dependencies = [
  "serde_derive",
 ]
@@ -4678,9 +4678,9 @@ dependencies = [
 
 [[package]]
 name = "serde_derive"
-version = "1.0.197"
+version = "1.0.198"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7eb0b34b42edc17f6b7cac84a52a1c5f0e1bb2227e997ca9011ea3dd34e8610b"
+checksum = "e88edab869b01783ba905e7d0153f9fc1a6505a96e4ad3018011eedb838566d9"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/governance/addin-mock/program/Cargo.toml b/governance/addin-mock/program/Cargo.toml
index 3d6df8bed76..705a885a35c 100644
--- a/governance/addin-mock/program/Cargo.toml
+++ b/governance/addin-mock/program/Cargo.toml
@@ -17,7 +17,7 @@ bincode = "1.3.2"
 borsh = "1.4.0"
 num-derive = "0.4"
 num-traits = "0.2"
-serde = "1.0.197"
+serde = "1.0.198"
 serde_derive = "1.0.103"
 solana-program = ">=1.18.2,<=2"
 spl-token = { version = "4.0", path = "../../../token/program", features = [
diff --git a/governance/chat/program/Cargo.toml b/governance/chat/program/Cargo.toml
index 49d6519f0cb..8cb0d3bd72e 100644
--- a/governance/chat/program/Cargo.toml
+++ b/governance/chat/program/Cargo.toml
@@ -17,7 +17,7 @@ bincode = "1.3.2"
 borsh = "1.4.0"
 num-derive = "0.4"
 num-traits = "0.2"
-serde = "1.0.197"
+serde = "1.0.198"
 serde_derive = "1.0.103"
 solana-program = ">=1.18.2,<=2"
 spl-token = { version = "4.0", path = "../../../token/program", features = [
diff --git a/governance/program/Cargo.toml b/governance/program/Cargo.toml
index c58faf2795c..89987ba22ad 100644
--- a/governance/program/Cargo.toml
+++ b/governance/program/Cargo.toml
@@ -17,7 +17,7 @@ bincode = "1.3.2"
 borsh = "1.4.0"
 num-derive = "0.4"
 num-traits = "0.2"
-serde = "1.0.197"
+serde = "1.0.198"
 serde_derive = "1.0.103"
 solana-program = ">=1.18.2,<=2"
 spl-token = { version = "4.0", path = "../../token/program", features = [
diff --git a/governance/test-sdk/Cargo.toml b/governance/test-sdk/Cargo.toml
index 461fa049dbb..76521993066 100644
--- a/governance/test-sdk/Cargo.toml
+++ b/governance/test-sdk/Cargo.toml
@@ -14,7 +14,7 @@ borsh = "1.4.0"
 lazy_static = "1.4.0"
 num-derive = "0.4"
 num-traits = "0.2"
-serde = "1.0.197"
+serde = "1.0.198"
 serde_derive = "1.0.103"
 solana-program = ">=1.18.2,<=2"
 solana-program-test = ">=1.18.2,<=2"
diff --git a/governance/tools/Cargo.toml b/governance/tools/Cargo.toml
index e3bb5618dec..9eaf6669ea6 100644
--- a/governance/tools/Cargo.toml
+++ b/governance/tools/Cargo.toml
@@ -13,7 +13,7 @@ bincode = "1.3.2"
 borsh = "1.4.0"
 num-derive = "0.4"
 num-traits = "0.2"
-serde = "1.0.197"
+serde = "1.0.198"
 serde_derive = "1.0.103"
 solana-program = ">=1.18.2,<=2"
 spl-token = { version = "4.0", path = "../../token/program", features = [
diff --git a/libraries/pod/Cargo.toml b/libraries/pod/Cargo.toml
index 60b223620cf..1afdae6f0d9 100644
--- a/libraries/pod/Cargo.toml
+++ b/libraries/pod/Cargo.toml
@@ -15,7 +15,7 @@ borsh = ["dep:borsh"]
 base64 = { version = "0.22.0", optional = true }
 borsh = { version = "1.4.0", optional = true }
 bytemuck = { version = "1.15.0" }
-serde = { version = "1.0.197", optional = true }
+serde = { version = "1.0.198", optional = true }
 solana-program = ">=1.18.2,<=2"
 solana-zk-token-sdk = ">=1.18.2,<=2"
 spl-program-error = { version = "0.4.0", path = "../program-error" }
diff --git a/libraries/tlv-account-resolution/Cargo.toml b/libraries/tlv-account-resolution/Cargo.toml
index aa2b30fc210..cbdc6c07a00 100644
--- a/libraries/tlv-account-resolution/Cargo.toml
+++ b/libraries/tlv-account-resolution/Cargo.toml
@@ -13,7 +13,7 @@ test-sbf = []
 
 [dependencies]
 bytemuck = { version = "1.15.0", features = ["derive"] }
-serde = { version = "1.0.197", optional = true }
+serde = { version = "1.0.198", optional = true }
 solana-program = ">=1.18.2,<=2"
 spl-discriminator = { version = "0.2.2", path = "../discriminator" }
 spl-program-error = { version = "0.4.0", path = "../program-error" }
diff --git a/single-pool/cli/Cargo.toml b/single-pool/cli/Cargo.toml
index 27c4de825fe..976b7bfaf3f 100644
--- a/single-pool/cli/Cargo.toml
+++ b/single-pool/cli/Cargo.toml
@@ -13,7 +13,7 @@ clap = { version = "3.2.23", features = ["derive"] }
 console = "0.15.8"
 borsh = "1.4.0"
 bincode = "1.3.1"
-serde = "1.0.197"
+serde = "1.0.198"
 serde_derive = "1.0.103"
 serde_json = "1.0.116"
 serde_with = "3.7.0"
diff --git a/stake-pool/cli/Cargo.toml b/stake-pool/cli/Cargo.toml
index 4c7997a4b05..daac531b11e 100644
--- a/stake-pool/cli/Cargo.toml
+++ b/stake-pool/cli/Cargo.toml
@@ -11,7 +11,7 @@ version = "1.0.0"
 [dependencies]
 borsh = "1.4.0"
 clap = "2.33.3"
-serde = "1.0.197"
+serde = "1.0.198"
 serde_derive = "1.0.130"
 serde_json = "1.0.116"
 solana-account-decoder = ">=1.18.2,<=2"
diff --git a/stake-pool/program/Cargo.toml b/stake-pool/program/Cargo.toml
index f92816436e7..3c09c0a4081 100644
--- a/stake-pool/program/Cargo.toml
+++ b/stake-pool/program/Cargo.toml
@@ -18,7 +18,7 @@ bytemuck = "1.15"
 num-derive = "0.4"
 num-traits = "0.2"
 num_enum = "0.7.2"
-serde = "1.0.197"
+serde = "1.0.198"
 serde_derive = "1.0.103"
 solana-program = ">=1.18.2,<=2"
 solana-security-txt = "1.1.1"
diff --git a/token-metadata/interface/Cargo.toml b/token-metadata/interface/Cargo.toml
index b415fa1a551..3115a5c9809 100644
--- a/token-metadata/interface/Cargo.toml
+++ b/token-metadata/interface/Cargo.toml
@@ -12,7 +12,7 @@ serde-traits = ["dep:serde", "spl-pod/serde-traits"]
 
 [dependencies]
 borsh = "1.4.0"
-serde = { version = "1.0.197", optional = true }
+serde = { version = "1.0.198", optional = true }
 solana-program = ">=1.18.2,<=2"
 spl-discriminator = { version = "0.2.2", path = "../../libraries/discriminator" }
 spl-program-error = { version = "0.4.0", path = "../../libraries/program-error" }
diff --git a/token/cli/Cargo.toml b/token/cli/Cargo.toml
index dd1b1521978..e81b98c95fa 100644
--- a/token/cli/Cargo.toml
+++ b/token/cli/Cargo.toml
@@ -16,7 +16,7 @@ base64 = "0.22.0"
 clap = "2.33.3"
 console = "0.15.8"
 futures = "0.3"
-serde = "1.0.197"
+serde = "1.0.198"
 serde_derive = "1.0.103"
 serde_json = "1.0.116"
 solana-account-decoder = ">=1.18.2,<=2"
diff --git a/token/program-2022/Cargo.toml b/token/program-2022/Cargo.toml
index e4e131e82b3..0807cd2d7c8 100644
--- a/token/program-2022/Cargo.toml
+++ b/token/program-2022/Cargo.toml
@@ -37,7 +37,7 @@ spl-transfer-hook-interface = { version = "0.6.3", path = "../transfer-hook/inte
 spl-type-length-value = { version = "0.4.3", path = "../../libraries/type-length-value" }
 spl-pod = { version = "0.2.2", path = "../../libraries/pod" }
 thiserror = "1.0"
-serde = { version = "1.0.197", optional = true }
+serde = { version = "1.0.198", optional = true }
 serde_with = { version = "3.7.0", optional = true }
 base64 = { version = "0.22.0", optional = true }
 
diff --git a/token/transfer-hook/cli/Cargo.toml b/token/transfer-hook/cli/Cargo.toml
index f6c4857a01d..390ef44c686 100644
--- a/token/transfer-hook/cli/Cargo.toml
+++ b/token/transfer-hook/cli/Cargo.toml
@@ -22,7 +22,7 @@ spl-tlv-account-resolution = { version = "0.6.3" , path = "../../../libraries/tl
 strum = "0.26"
 strum_macros = "0.26"
 tokio = { version = "1", features = ["full"] }
-serde = { version = "1.0.197", features = ["derive"] }
+serde = { version = "1.0.198", features = ["derive"] }
 serde_json = "1.0.116"
 serde_yaml = "0.9.34"