diff --git a/Cargo.lock b/Cargo.lock
index 02b31513..d57a6bf9 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -3612,18 +3612,18 @@ dependencies = [
 
 [[package]]
 name = "thiserror"
-version = "1.0.47"
+version = "1.0.49"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "97a802ec30afc17eee47b2855fc72e0c4cd62be9b4efe6591edde0ec5bd68d8f"
+checksum = "1177e8c6d7ede7afde3585fd2513e611227efd6481bd78d2e82ba1ce16557ed4"
 dependencies = [
  "thiserror-impl",
 ]
 
 [[package]]
 name = "thiserror-impl"
-version = "1.0.47"
+version = "1.0.49"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6bb623b56e39ab7dcd4b1b98bb6c8f8d907ed255b18de254088016b27a8ee19b"
+checksum = "10712f02019e9288794769fba95cd6847df9874d49d871d062172f9dd41bc4cc"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/Cargo.toml b/Cargo.toml
index 6414294a..39104272 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -31,7 +31,7 @@ sqlx-ledger = { version = "0.10.0", features = ["otel"] }
 tokio = { version = "1.29.1", features = ["full"] }
 futures = "0.3.27"
 async-trait = "0.1.67"
-thiserror = "1.0.40"
+thiserror = "1.0.49"
 anyhow = "1.0.70"
 tracing = "0.1.37"
 tracing-subscriber = { version = "0.3.16", features = ["env-filter", "json"] }
diff --git a/user-trades/Cargo.toml b/user-trades/Cargo.toml
index fd81c75b..c5e1ae61 100644
--- a/user-trades/Cargo.toml
+++ b/user-trades/Cargo.toml
@@ -12,7 +12,7 @@ shared = { path = "../shared", package = "stablesats-shared" }
 ledger = { path = "../ledger", package = "stablesats-ledger" }
 galoy_client = { path = "../galoy-client", package = "galoy-client" }
 
-thiserror = "1.0.40"
+thiserror = "1.0.49"
 chrono = "0.4"
 tokio = "1.29.1"
 sqlx = { version = "0.7.1", features = ["runtime-tokio-rustls", "postgres", "rust_decimal", "uuid", "chrono", "json"] }