diff --git a/CHANGELOG.md b/CHANGELOG.md
index 69ec0e89..256de8f9 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,11 @@
 # @digitalbazaar/vc ChangeLog
 
+## 7.1.1 - 2025-03-xx
+
+### Changed
+- Update dependencies.
+  - `@digitalbazaar/credentials-context@3.2.0`
+
 ## 7.1.0 - 2024-10-10
 
 ### Added
diff --git a/package.json b/package.json
index 6063400c..dfe7492d 100644
--- a/package.json
+++ b/package.json
@@ -28,7 +28,7 @@
     "lib/**/*.js"
   ],
   "dependencies": {
-    "@digitalbazaar/credentials-context": "^3.1.0",
+    "@digitalbazaar/credentials-context": "^3.2.0",
     "ed25519-signature-2018-context": "^1.1.0",
     "jsonld": "^8.3.1",
     "jsonld-signatures": "^11.2.1"