diff --git a/changelog.md b/changelog.md
index c8d3e6b8c4..ce58b2a314 100644
--- a/changelog.md
+++ b/changelog.md
@@ -35,6 +35,7 @@
 - [#4075](https://github.com/ignite/cli/pull/4075) Use `gopkg.in/yaml.v3` instead `gopkg.in/yaml.v2`
 - [#4118](https://github.com/ignite/cli/pull/4118) Version scaffolded protos as `v1` to follow SDK structure.
 - [#4149](https://github.com/ignite/cli/pull/4149) Bump cometbft to `v0.38.7`
+- [#4168](https://github.com/ignite/cli/pull/4168) Bump IBC to `v8.3.1`
 
 ### Fixes
 
diff --git a/ignite/templates/app/files/go.mod.plush b/ignite/templates/app/files/go.mod.plush
index 775f49318d..150c0b8e9a 100644
--- a/ignite/templates/app/files/go.mod.plush
+++ b/ignite/templates/app/files/go.mod.plush
@@ -34,7 +34,7 @@ require (
 	github.com/cosmos/cosmos-sdk v0.50.6
 	github.com/cosmos/gogoproto v1.4.12
 	github.com/cosmos/ibc-go/modules/capability v1.0.0
-	github.com/cosmos/ibc-go/v8 v8.2.0
+	github.com/cosmos/ibc-go/v8 v8.3.1
 	github.com/golang/protobuf v1.5.4
 	github.com/gorilla/mux v1.8.1
 	github.com/grpc-ecosystem/grpc-gateway v1.16.0
@@ -47,5 +47,5 @@ require (
 	google.golang.org/genproto/googleapis/api v0.0.0-20240325203815-454cdb8f5daa
 	google.golang.org/grpc v1.63.2
 	google.golang.org/grpc/cmd/protoc-gen-go-grpc v1.3.0
-	google.golang.org/protobuf v1.33.0
+	google.golang.org/protobuf v1.34.1
 )
\ No newline at end of file