diff --git a/nym-credential-proxy/nym-credential-proxy/Cargo.toml b/nym-credential-proxy/nym-credential-proxy/Cargo.toml
index 86ba6417b9..6ab596844b 100644
--- a/nym-credential-proxy/nym-credential-proxy/Cargo.toml
+++ b/nym-credential-proxy/nym-credential-proxy/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "nym-credential-proxy"
-version = "0.3.1"
+version = "0.3.2-rc"
 authors.workspace = true
 edition.workspace = true
 license.workspace = true