diff --git a/Cargo.lock b/Cargo.lock
index 2d604882a46..ca745b09b6d 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4952,9 +4952,9 @@ dependencies = [
 
 [[package]]
 name = "serial_test"
-version = "3.1.1"
+version = "3.2.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "4b4b487fe2acf240a021cf57c6b2b4903b1e78ca0ecd862a71b71d2a51fed77d"
+checksum = "1b258109f244e1d6891bf1053a55d63a5cd4f8f4c30cf9a1280989f80e7a1fa9"
 dependencies = [
  "futures 0.3.31",
  "log",
@@ -4966,9 +4966,9 @@ dependencies = [
 
 [[package]]
 name = "serial_test_derive"
-version = "3.1.1"
+version = "3.2.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "82fe9db325bcef1fbcde82e078a5cc4efdf787e96b3b9cf45b50b529f2083d67"
+checksum = "5d69265a08751de7844521fd15003ae0a888e035773ba05695c5c759a6f89eef"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/libraries/program-error/Cargo.toml b/libraries/program-error/Cargo.toml
index 3e5bb485c13..352655dc310 100644
--- a/libraries/program-error/Cargo.toml
+++ b/libraries/program-error/Cargo.toml
@@ -16,7 +16,7 @@ thiserror = "2.0"
 
 [dev-dependencies]
 lazy_static = "1.5"
-serial_test = "3.1"
+serial_test = "3.2"
 solana-sdk = "2.1.0"
 
 [lib]
diff --git a/single-pool/cli/Cargo.toml b/single-pool/cli/Cargo.toml
index c07c14a1adf..3b6f8c934b3 100644
--- a/single-pool/cli/Cargo.toml
+++ b/single-pool/cli/Cargo.toml
@@ -37,7 +37,7 @@ spl-single-pool = { version = "1.0.0", path = "../program", features = [
 
 [dev-dependencies]
 solana-test-validator = "2.1.0"
-serial_test = "3.1.1"
+serial_test = "3.2.0"
 test-case = "3.3"
 tempfile = "3.14.0"
 
diff --git a/token/cli/Cargo.toml b/token/cli/Cargo.toml
index 31081b6f095..503e0b6a4cd 100644
--- a/token/cli/Cargo.toml
+++ b/token/cli/Cargo.toml
@@ -50,7 +50,7 @@ tokio = "1.41"
 solana-test-validator = "2.1.0"
 assert_cmd = "2.0.16"
 libtest-mimic = "0.8"
-serial_test = "3.1.1"
+serial_test = "3.2.0"
 tempfile = "3.14.0"
 
 [[bin]]
diff --git a/token/program-2022/Cargo.toml b/token/program-2022/Cargo.toml
index dab8df2b28e..416f411a3b6 100644
--- a/token/program-2022/Cargo.toml
+++ b/token/program-2022/Cargo.toml
@@ -46,7 +46,7 @@ spl-token-confidential-transfer-proof-generation = { version = "0.2.0", path = "
 [dev-dependencies]
 lazy_static = "1.5.0"
 proptest = "1.5"
-serial_test = "3.1.1"
+serial_test = "3.2.0"
 solana-program-test = "2.1.0"
 solana-sdk = "2.1.0"
 spl-tlv-account-resolution = { version = "0.9.0", path = "../../libraries/tlv-account-resolution" }
diff --git a/token/program/Cargo.toml b/token/program/Cargo.toml
index c336eda30a3..93aea490604 100644
--- a/token/program/Cargo.toml
+++ b/token/program/Cargo.toml
@@ -24,7 +24,7 @@ thiserror = "2.0"
 [dev-dependencies]
 lazy_static = "1.5.0"
 proptest = "1.5"
-serial_test = "3.1.1"
+serial_test = "3.2.0"
 solana-program-test = "2.1.0"
 solana-sdk = "2.1.0"