diff --git a/scripts/cargo-install-all.sh b/scripts/cargo-install-all.sh
index a71a480657aafe..e1cbe9fc13d4a3 100755
--- a/scripts/cargo-install-all.sh
+++ b/scripts/cargo-install-all.sh
@@ -171,7 +171,7 @@ fi
 # Add Solidity Compiler
 if [[ -z "$validatorOnly" ]]; then
   base="https://github.com/hyperledger/solang/releases/download"
-  version="v0.3.1"
+  version="v0.3.2"
   curlopt="-sSfL --retry 5 --retry-delay 2 --retry-connrefused"
 
   case $(uname -s) in