diff --git a/channel.yaml b/channel.yaml
index e59ba07de5..e119e32b8c 100644
--- a/channel.yaml
+++ b/channel.yaml
@@ -1,7 +1,7 @@
 # Example channels config
 channels:
 - name: stable
-  latest: v1.31.6+k3s1
+  latest: v1.32.3+k3s1
 - name: latest
   latestRegexp: .*
   excludeRegexp: (^[^+]+-|v1\.25\.5\+k3s1|v1\.26\.0\+k3s1)