diff --git a/Cargo.lock b/Cargo.lock
index 4a5e79cd6..ba2115da1 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -991,9 +991,9 @@ dependencies = [
 
 [[package]]
 name = "serde_with"
-version = "2.0.0"
+version = "2.0.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "89df7a26519371a3cce44fbb914c2819c84d9b897890987fa3ab096491cc0ea8"
+checksum = "368f2d60d049ea019a84dcd6687b0d1e0030fe663ae105039bdf967ed5e6a9a7"
 dependencies = [
  "serde",
  "serde_with_macros",
diff --git a/hypervisor/Cargo.toml b/hypervisor/Cargo.toml
index b59e18914..160a4a37c 100644
--- a/hypervisor/Cargo.toml
+++ b/hypervisor/Cargo.toml
@@ -21,7 +21,7 @@ kvm-bindings = { git = "https://github.com/cloud-hypervisor/kvm-bindings", branc
 mshv-bindings = { git = "https://github.com/rust-vmm/mshv", branch = "main", features = ["with-serde", "fam-wrappers"], optional  = true }
 mshv-ioctls = { git = "https://github.com/rust-vmm/mshv", branch = "main", optional  = true}
 serde = { version = "1.0.144", features = ["rc", "derive"] }
-serde_with = { version = "2.0.0", default-features = false, features = ["macros"] }
+serde_with = { version = "2.0.1", default-features = false, features = ["macros"] }
 vfio-ioctls = { git = "https://github.com/rust-vmm/vfio", branch = "main", default-features = false }
 vm-memory = { version = "0.8.0", features = ["backend-mmap", "backend-atomic"] }
 vmm-sys-util = { version = "0.10.0", features = ["with-serde"] }