diff --git a/.circleci/config.yml b/.circleci/config.yml
index f7718fa39..70e94b7b3 100644
--- a/.circleci/config.yml
+++ b/.circleci/config.yml
@@ -7,7 +7,7 @@ jobs:
   # All checks on the codebase that can run in parallel to build_shared_library
   libwasmvm_sanity:
     docker:
-      - image: cimg/rust:1.73.0
+      - image: cimg/rust:1.74.0
     steps:
       - checkout
       - run:
@@ -18,8 +18,8 @@ jobs:
           command: rustup component add rustfmt
       - restore_cache:
           keys:
-            - cargocache-v3-libwasmvm_sanity-rust:1.73.0-{{ checksum "libwasmvm/Cargo.lock" }}
-            - cargocache-v3-libwasmvm_sanity-rust:1.73.0-
+            - cargocache-v3-libwasmvm_sanity-rust:1.74.0-{{ checksum "libwasmvm/Cargo.lock" }}
+            - cargocache-v3-libwasmvm_sanity-rust:1.74.0-
       - run:
           name: Ensure libwasmvm/bindings.h is up-to-date
           working_directory: libwasmvm
@@ -62,7 +62,7 @@ jobs:
             - libwasmvm/target/release/.fingerprint
             - libwasmvm/target/release/build
             - libwasmvm/target/release/deps
-          key: cargocache-v3-libwasmvm_sanity-rust:1.73.0-{{ checksum "libwasmvm/Cargo.lock" }}
+          key: cargocache-v3-libwasmvm_sanity-rust:1.74.0-{{ checksum "libwasmvm/Cargo.lock" }}
 
   libwasmvm_clippy:
     parameters:
@@ -113,15 +113,15 @@ jobs:
           command: |
             set -o errexit
             curl -sS --output rustup-init.exe https://static.rust-lang.org/rustup/dist/x86_64-pc-windows-msvc/rustup-init.exe
-            ./rustup-init.exe --no-modify-path --profile minimal --default-toolchain 1.73.0 -y
+            ./rustup-init.exe --no-modify-path --profile minimal --default-toolchain 1.74.0 -y
             echo 'export PATH="$PATH;$USERPROFILE/.cargo/bin"' >> "$BASH_ENV"
       - run:
           name: Show Rust version information
           command: rustc --version; cargo --version; rustup --version
       - restore_cache:
           keys:
-            - cachev4-libwasmvm_sanity_windows-rust:1.73.0-{{ checksum "libwasmvm/Cargo.lock" }}
-            - cachev4-libwasmvm_sanity_windows-rust:1.73.0-
+            - cachev4-libwasmvm_sanity_windows-rust:1.74.0-{{ checksum "libwasmvm/Cargo.lock" }}
+            - cachev4-libwasmvm_sanity_windows-rust:1.74.0-
       - run:
           name: Run unit tests
           working_directory: libwasmvm
@@ -133,7 +133,7 @@ jobs:
             - libwasmvm/target/debug/.fingerprint
             - libwasmvm/target/debug/build
             - libwasmvm/target/debug/deps
-          key: cachev4-libwasmvm_sanity_windows-rust:1.73.0-{{ checksum "libwasmvm/Cargo.lock" }}
+          key: cachev4-libwasmvm_sanity_windows-rust:1.74.0-{{ checksum "libwasmvm/Cargo.lock" }}
 
   libwasmvm_audit:
     docker:
@@ -201,7 +201,7 @@ jobs:
       - run:
           name: Test package "cosmwasm" without cgo
           command: CGO_ENABLED=0 go test .
-      
+
   # Build types and cosmwasm with libwasmvm linking disabled
   nolink_libwasmvm:
     docker:
@@ -267,7 +267,7 @@ jobs:
 
   build_shared_library:
     docker:
-      - image: cimg/rust:1.73.0
+      - image: cimg/rust:1.74.0
     steps:
       - checkout
       - run:
@@ -275,8 +275,8 @@ jobs:
           command: rustc --version; cargo --version; rustup --version
       - restore_cache:
           keys:
-            - cargocache-v3-build_shared_library-rust:1.73.0-{{ checksum "libwasmvm/Cargo.lock" }}
-            - cargocache-v3-build_shared_library-rust:1.73.0-
+            - cargocache-v3-build_shared_library-rust:1.74.0-{{ checksum "libwasmvm/Cargo.lock" }}
+            - cargocache-v3-build_shared_library-rust:1.74.0-
       - run:
           name: Create release build of libwasmvm
           command: make build-rust
@@ -293,7 +293,7 @@ jobs:
             - libwasmvm/target/release/.fingerprint
             - libwasmvm/target/release/build
             - libwasmvm/target/release/deps
-          key: cargocache-v3-build_shared_library-rust:1.73.0-{{ checksum "libwasmvm/Cargo.lock" }}
+          key: cargocache-v3-build_shared_library-rust:1.74.0-{{ checksum "libwasmvm/Cargo.lock" }}
 
   # Test the Go project and run benchmarks
   wasmvm_test:
@@ -448,7 +448,7 @@ workflows:
           matrix:
             parameters:
               # Run with MSRV and some modern stable Rust
-              rust-version: ["1.73.0", "1.75.0"]
+              rust-version: ["1.74.0", "1.75.0"]
       - libwasmvm_audit
       - format-go
       - wasmvm_no_cgo
diff --git a/docs/COMPILER_VERSIONS.md b/docs/COMPILER_VERSIONS.md
index 80818f91e..fa8c83ead 100644
--- a/docs/COMPILER_VERSIONS.md
+++ b/docs/COMPILER_VERSIONS.md
@@ -64,5 +64,5 @@ We currently use the following version:
 | Type                     | Rust version | Note                              |
 | ------------------------ | ------------ | --------------------------------- |
 | Production Rust compiler | 1.77.0       | Builders version 0019             |
-| Min Rust compiler        | 1.73.0       | Supports builder versions >= 0017 |
+| Min Rust compiler        | 1.74.0       | Supports builder versions >= 0019 |
 | Tooling Rust compiler    | 1.75.0       |                                   |