diff --git a/package.json b/package.json
index 75d620f8b..df876c12a 100644
--- a/package.json
+++ b/package.json
@@ -38,7 +38,7 @@
     "test:watch": "jest --watch"
   },
   "dependencies": {
-    "@metamask/providers": "^15.0.0",
+    "@metamask/providers": "^16.0.0",
     "@metamask/snaps-sdk": "^3.1.1",
     "@metamask/utils": "^8.3.0",
     "@types/uuid": "^9.0.1",
diff --git a/yarn.lock b/yarn.lock
index 7d8d2da51..edd650296 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1059,7 +1059,7 @@ __metadata:
     "@metamask/eslint-config-jest": ^12.1.0
     "@metamask/eslint-config-nodejs": ^12.1.0
     "@metamask/eslint-config-typescript": ^12.1.0
-    "@metamask/providers": ^15.0.0
+    "@metamask/providers": ^16.0.0
     "@metamask/snaps-sdk": ^3.1.1
     "@metamask/utils": ^8.3.0
     "@types/jest": ^28.1.6
@@ -1121,6 +1121,26 @@ __metadata:
   languageName: node
   linkType: hard
 
+"@metamask/providers@npm:^16.0.0":
+  version: 16.0.0
+  resolution: "@metamask/providers@npm:16.0.0"
+  dependencies:
+    "@metamask/json-rpc-engine": ^7.3.2
+    "@metamask/json-rpc-middleware-stream": ^6.0.2
+    "@metamask/object-multiplex": ^2.0.0
+    "@metamask/rpc-errors": ^6.2.1
+    "@metamask/safe-event-emitter": ^3.0.0
+    "@metamask/utils": ^8.3.0
+    detect-browser: ^5.2.0
+    extension-port-stream: ^3.0.0
+    fast-deep-equal: ^3.1.3
+    is-stream: ^2.0.0
+    readable-stream: ^3.6.2
+    webextension-polyfill: ^0.10.0
+  checksum: cdc06796111edbf01e9aa8498170f7ffa3c68a4c0f66a629e3b0f7d37ee60eb32d83ee12f285c3d974d971c6af16a3fba531fb5733f5fa9412a18e1d3f648539
+  languageName: node
+  linkType: hard
+
 "@metamask/rpc-errors@npm:^6.2.1":
   version: 6.2.1
   resolution: "@metamask/rpc-errors@npm:6.2.1"