diff --git a/scripts/wasmd/contracts/checksums.sha256 b/scripts/wasmd/contracts/checksums.sha256
index a7afcb40..60788397 100644
--- a/scripts/wasmd/contracts/checksums.sha256
+++ b/scripts/wasmd/contracts/checksums.sha256
@@ -1,2 +1,2 @@
-aff8c8873d79d2153a8b9066a0683fec3c903669267eb806ffa831dcd4b3daae  cw-erc20.wasm
+3dfa55f790a636c11ae2936473734a4d271d441f32d0cfcd7ac19c17b162f85b  cw-erc20.wasm
 d5dde423d321f7d3793a9b1667d06ac86c7f57dfbd2534a9c790963e1c2955ed  cw-nameservice.wasm
diff --git a/scripts/wasmd/contracts/cw-erc20.wasm b/scripts/wasmd/contracts/cw-erc20.wasm
index 57620ca6..1140185d 100644
Binary files a/scripts/wasmd/contracts/cw-erc20.wasm and b/scripts/wasmd/contracts/cw-erc20.wasm differ
diff --git a/scripts/wasmd/deploy_erc20.js b/scripts/wasmd/deploy_erc20.js
index 0e513945..91ab3010 100755
--- a/scripts/wasmd/deploy_erc20.js
+++ b/scripts/wasmd/deploy_erc20.js
@@ -18,8 +18,8 @@ const guest = {
 };
 
 const codeMeta = {
-  source: "https://crates.io/api/v1/crates/cw-erc20/0.2.0/download",
-  builder: "confio/cosmwasm-opt:0.7.0",
+  source: "https://crates.io/api/v1/crates/cw-erc20/0.3.0/download",
+  builder: "confio/cosmwasm-opt:0.7.3",
 };
 
 const initMsgHash = {