diff --git a/go.mod b/go.mod
index ca27bb1b..2146ae2a 100644
--- a/go.mod
+++ b/go.mod
@@ -16,7 +16,7 @@ require (
 	github.com/ipfs/go-ipld-cbor v0.2.1
 	github.com/ipld/go-ipld-prime v0.22.0
 	github.com/minio/sha256-simd v1.0.1
-	github.com/multiformats/go-multibase v0.2.0
+	github.com/multiformats/go-multibase v0.3.0
 	github.com/multiformats/go-multihash v0.2.3
 	github.com/multiformats/go-varint v0.1.0
 	github.com/stretchr/testify v1.11.1
@@ -33,7 +33,7 @@ require (
 	github.com/ipfs/boxo v0.34.0 // indirect
 	github.com/ipfs/go-ipld-format v0.6.2 // indirect
 	github.com/klauspost/cpuid/v2 v2.3.0 // indirect
-	github.com/mr-tron/base58 v1.2.0 // indirect
+	github.com/mr-tron/base58 v1.3.0 // indirect
 	github.com/multiformats/go-base32 v0.1.0 // indirect
 	github.com/multiformats/go-base36 v0.2.0 // indirect
 	github.com/pmezard/go-difflib v1.0.0 // indirect
diff --git a/go.sum b/go.sum
index a0b83b7e..bc30cccd 100644
--- a/go.sum
+++ b/go.sum
@@ -243,16 +243,16 @@ github.com/modern-go/reflect2 v0.0.0-20180701023420-4b7aa43c6742/go.mod h1:bx2lN
 github.com/modern-go/reflect2 v1.0.1/go.mod h1:bx2lNnkwVCuqBIxFjflWJWanXIb3RllmbCylyMrvgv0=
 github.com/mr-tron/base58 v1.1.0/go.mod h1:xcD2VGqlgYjBdcBLw+TuYLr8afG+Hj8g2eTVqeSzSU8=
 github.com/mr-tron/base58 v1.1.3/go.mod h1:BinMc/sQntlIE1frQmRFPUoPA1Zkr8VRgBdjWI2mNwc=
-github.com/mr-tron/base58 v1.2.0 h1:T/HDJBh4ZCPbU39/+c3rRvE0uKBQlU27+QI8LJ4t64o=
-github.com/mr-tron/base58 v1.2.0/go.mod h1:BinMc/sQntlIE1frQmRFPUoPA1Zkr8VRgBdjWI2mNwc=
+github.com/mr-tron/base58 v1.3.0 h1:K6Y13R2h+dku0wOqKtecgRnBUBPrZzLZy5aIj8lCcJI=
+github.com/mr-tron/base58 v1.3.0/go.mod h1:2BuubE67DCSWwVfx37JWNG8emOC0sHEU4/HpcYgCLX8=
 github.com/multiformats/go-base32 v0.0.3/go.mod h1:pLiuGC8y0QR3Ue4Zug5UzK9LjgbkL8NSQj0zQ5Nz/AA=
 github.com/multiformats/go-base32 v0.1.0 h1:pVx9xoSPqEIQG8o+UbAe7DNi51oej1NtK+aGkbLYxPE=
 github.com/multiformats/go-base32 v0.1.0/go.mod h1:Kj3tFY6zNr+ABYMqeUNeGvkIC/UYgtWibDcT0rExnbI=
 github.com/multiformats/go-base36 v0.2.0 h1:lFsAbNOGeKtuKozrtBsAkSVhv1p9D0/qedU9rQyccr0=
 github.com/multiformats/go-base36 v0.2.0/go.mod h1:qvnKE++v+2MWCfePClUEjE78Z7P2a1UV0xHgWc0hkp4=
 github.com/multiformats/go-multibase v0.0.1/go.mod h1:bja2MqRZ3ggyXtZSEDKpl0uO/gviWFaSteVbWT51qgs=
-github.com/multiformats/go-multibase v0.2.0 h1:isdYCVLvksgWlMW9OZRYJEa9pZETFivncJHmHnnd87g=
-github.com/multiformats/go-multibase v0.2.0/go.mod h1:bFBZX4lKCA/2lyOFSAoKH5SS6oPyjtnzK/XTFDPkNuk=
+github.com/multiformats/go-multibase v0.3.0 h1:8helZD2+4Db7NNWFiktk2NePbF0boolBe6bDQvM4r68=
+github.com/multiformats/go-multibase v0.3.0/go.mod h1:MoBLQPCkRTOL3eveIPO81860j2AQY8JwcnNlRkGRUfI=
 github.com/multiformats/go-multicodec v0.10.0 h1:UpP223cig/Cx8J76jWt91njpK3GTAO1w02sdcjZDSuc=
 github.com/multiformats/go-multicodec v0.10.0/go.mod h1:wg88pM+s2kZJEQfRCKBNU+g32F5aWBEjyFHXvZLTcLI=
 github.com/multiformats/go-multihash v0.0.1/go.mod h1:w/5tugSrLEbWqlcgJabL3oHFKTwfvkofsjW2Qa1ct4U=