diff --git a/Cargo.lock b/Cargo.lock
index 567fa40fcfb..41ccde56622 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4603,9 +4603,9 @@ dependencies = [
 
 [[package]]
 name = "serde"
-version = "1.0.203"
+version = "1.0.204"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7253ab4de971e72fb7be983802300c30b5a7f0c2e56fab8abfc6a214307c0094"
+checksum = "bc76f558e0cbb2a839d37354c575f1dc3fdc6546b5be373ba43d95f231bf7c12"
 dependencies = [
  "serde_derive",
 ]
@@ -4621,9 +4621,9 @@ dependencies = [
 
 [[package]]
 name = "serde_derive"
-version = "1.0.203"
+version = "1.0.204"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "500cbc0ebeb6f46627f50f3f5811ccf6bf00643be300b4c3eabc0ef55dc5b5ba"
+checksum = "e0cd7e117be63d3c3678776753929474f3b04a43a080c744d6b0ae2a8c28e222"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/governance/addin-mock/program/Cargo.toml b/governance/addin-mock/program/Cargo.toml
index db0d60ba867..bc2b0f3fb3f 100644
--- a/governance/addin-mock/program/Cargo.toml
+++ b/governance/addin-mock/program/Cargo.toml
@@ -17,7 +17,7 @@ bincode = "1.3.2"
 borsh = "1.5.1"
 num-derive = "0.4"
 num-traits = "0.2"
-serde = "1.0.203"
+serde = "1.0.204"
 serde_derive = "1.0.103"
 solana-program = "2.0.0"
 spl-token = { version = "6.0", path = "../../../token/program", features = [
diff --git a/governance/chat/program/Cargo.toml b/governance/chat/program/Cargo.toml
index dacb1e8601a..9a0dceb8347 100644
--- a/governance/chat/program/Cargo.toml
+++ b/governance/chat/program/Cargo.toml
@@ -17,7 +17,7 @@ bincode = "1.3.2"
 borsh = "1.5.1"
 num-derive = "0.4"
 num-traits = "0.2"
-serde = "1.0.203"
+serde = "1.0.204"
 serde_derive = "1.0.103"
 solana-program = "2.0.0"
 spl-token = { version = "6.0", path = "../../../token/program", features = [
diff --git a/governance/program/Cargo.toml b/governance/program/Cargo.toml
index 4178dffe757..513ef77fee9 100644
--- a/governance/program/Cargo.toml
+++ b/governance/program/Cargo.toml
@@ -17,7 +17,7 @@ bincode = "1.3.2"
 borsh = "1.5.1"
 num-derive = "0.4"
 num-traits = "0.2"
-serde = "1.0.203"
+serde = "1.0.204"
 serde_derive = "1.0.103"
 solana-program = "2.0.0"
 spl-token = { version = "6.0", path = "../../token/program", features = [
diff --git a/governance/test-sdk/Cargo.toml b/governance/test-sdk/Cargo.toml
index 30edbbf8044..20c935b87da 100644
--- a/governance/test-sdk/Cargo.toml
+++ b/governance/test-sdk/Cargo.toml
@@ -14,7 +14,7 @@ borsh = "1.5.1"
 lazy_static = "1.5.0"
 num-derive = "0.4"
 num-traits = "0.2"
-serde = "1.0.203"
+serde = "1.0.204"
 serde_derive = "1.0.103"
 solana-program = "2.0.0"
 solana-program-test = "2.0.0"
diff --git a/governance/tools/Cargo.toml b/governance/tools/Cargo.toml
index d095d795b2f..21dd7fff1eb 100644
--- a/governance/tools/Cargo.toml
+++ b/governance/tools/Cargo.toml
@@ -13,7 +13,7 @@ bincode = "1.3.2"
 borsh = "1.5.1"
 num-derive = "0.4"
 num-traits = "0.2"
-serde = "1.0.203"
+serde = "1.0.204"
 serde_derive = "1.0.103"
 solana-program = "2.0.0"
 spl-token = { version = "6.0", path = "../../token/program", features = [
diff --git a/libraries/pod/Cargo.toml b/libraries/pod/Cargo.toml
index 166630b6210..3050f4eae8e 100644
--- a/libraries/pod/Cargo.toml
+++ b/libraries/pod/Cargo.toml
@@ -16,7 +16,7 @@ base64 = { version = "0.22.1", optional = true }
 borsh = { version = "1.5.1", optional = true }
 bytemuck = { version = "1.16.1" }
 bytemuck_derive = { version = "1.7.0" }
-serde = { version = "1.0.203", optional = true }
+serde = { version = "1.0.204", optional = true }
 solana-program = "2.0.0"
 solana-zk-token-sdk = "2.0.0"
 spl-program-error = { version = "0.5.0", path = "../program-error" }
diff --git a/libraries/tlv-account-resolution/Cargo.toml b/libraries/tlv-account-resolution/Cargo.toml
index c8e127f09f3..a817d4d461c 100644
--- a/libraries/tlv-account-resolution/Cargo.toml
+++ b/libraries/tlv-account-resolution/Cargo.toml
@@ -13,7 +13,7 @@ test-sbf = []
 
 [dependencies]
 bytemuck = { version = "1.16.1", features = ["derive"] }
-serde = { version = "1.0.203", optional = true }
+serde = { version = "1.0.204", optional = true }
 solana-program = "2.0.0"
 spl-discriminator = { version = "0.3.0", path = "../discriminator" }
 spl-program-error = { version = "0.5.0", path = "../program-error" }
diff --git a/single-pool/cli/Cargo.toml b/single-pool/cli/Cargo.toml
index bd4abb1d96d..48a6f06ea6c 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 = "1.5.1"
 bincode = "1.3.1"
-serde = "1.0.203"
+serde = "1.0.204"
 serde_derive = "1.0.103"
 serde_json = "1.0.120"
 serde_with = "3.8.3"
diff --git a/stake-pool/cli/Cargo.toml b/stake-pool/cli/Cargo.toml
index 309c09ff805..8258e32b003 100644
--- a/stake-pool/cli/Cargo.toml
+++ b/stake-pool/cli/Cargo.toml
@@ -11,7 +11,7 @@ version = "2.0.0"
 [dependencies]
 borsh = "1.5.1"
 clap = "2.33.3"
-serde = "1.0.203"
+serde = "1.0.204"
 serde_derive = "1.0.130"
 serde_json = "1.0.120"
 solana-account-decoder = "2.0.0"
diff --git a/stake-pool/program/Cargo.toml b/stake-pool/program/Cargo.toml
index 9833fef7938..9fa3c29e557 100644
--- a/stake-pool/program/Cargo.toml
+++ b/stake-pool/program/Cargo.toml
@@ -18,7 +18,7 @@ bytemuck = "1.16"
 num-derive = "0.4"
 num-traits = "0.2"
 num_enum = "0.7.2"
-serde = "1.0.203"
+serde = "1.0.204"
 serde_derive = "1.0.103"
 solana-program = "2.0.0"
 solana-security-txt = "1.1.1"
diff --git a/token-metadata/interface/Cargo.toml b/token-metadata/interface/Cargo.toml
index 8ce665d5db0..040ce0d6323 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 = "1.5.1"
-serde = { version = "1.0.203", optional = true }
+serde = { version = "1.0.204", optional = true }
 solana-program = "2.0.0"
 spl-discriminator = { version = "0.3.0", path = "../../libraries/discriminator" }
 spl-program-error = { version = "0.5.0", path = "../../libraries/program-error" }
diff --git a/token/cli/Cargo.toml b/token/cli/Cargo.toml
index f8454eb86a7..43d120c9664 100644
--- a/token/cli/Cargo.toml
+++ b/token/cli/Cargo.toml
@@ -16,7 +16,7 @@ base64 = "0.22.1"
 clap = "2.33.3"
 console = "0.15.8"
 futures = "0.3"
-serde = "1.0.203"
+serde = "1.0.204"
 serde_derive = "1.0.103"
 serde_json = "1.0.120"
 solana-account-decoder = "2.0.0"
diff --git a/token/program-2022/Cargo.toml b/token/program-2022/Cargo.toml
index 8963a2a51d8..359f8355ced 100644
--- a/token/program-2022/Cargo.toml
+++ b/token/program-2022/Cargo.toml
@@ -37,7 +37,7 @@ spl-transfer-hook-interface = { version = "0.7.0", path = "../transfer-hook/inte
 spl-type-length-value = { version = "0.5.0", path = "../../libraries/type-length-value" }
 spl-pod = { version = "0.3.0", path = "../../libraries/pod" }
 thiserror = "1.0"
-serde = { version = "1.0.203", optional = true }
+serde = { version = "1.0.204", optional = true }
 serde_with = { version = "3.8.3", optional = true }
 base64 = { version = "0.22.1", optional = true }
 
diff --git a/token/transfer-hook/cli/Cargo.toml b/token/transfer-hook/cli/Cargo.toml
index e47392cab12..22243032076 100644
--- a/token/transfer-hook/cli/Cargo.toml
+++ b/token/transfer-hook/cli/Cargo.toml
@@ -22,7 +22,7 @@ spl-transfer-hook-interface = { version = "0.7.0", path = "../interface" }
 strum = "0.26"
 strum_macros = "0.26"
 tokio = { version = "1", features = ["full"] }
-serde = { version = "1.0.203", features = ["derive"] }
+serde = { version = "1.0.204", features = ["derive"] }
 serde_json = "1.0.120"
 serde_yaml = "0.9.34"