diff --git a/composer.json b/composer.json
index 2a478fb..5438875 100644
--- a/composer.json
+++ b/composer.json
@@ -24,7 +24,7 @@
         "composer/installers": "^1.12",
         "cweagans/composer-patches": "^1.7",
         "drupal/admin_denied": "^2.0",
-        "drupal/allowed_formats": "^2.0",
+        "drupal/allowed_formats": "^3",
         "drupal/amazon_ses": "^3.0",
         "drupal/bcc": "^4",
         "drupal/classy": "^1.0",
diff --git a/composer.lock b/composer.lock
index 6427b85..1681c0f 100644
--- a/composer.lock
+++ b/composer.lock
@@ -4,7 +4,7 @@
         "Read more about it at https://getcomposer.org/doc/01-basic-usage.md#installing-dependencies",
         "This file is @generated automatically"
     ],
-    "content-hash": "21d49cbae1928ec0f1b73a9c04a47d4f",
+    "content-hash": "52177ad92d4f55dd87a8c69d28f0077a",
     "packages": [
         {
             "name": "asm89/stack-cors",
@@ -2369,26 +2369,29 @@
         },
         {
             "name": "drupal/allowed_formats",
-            "version": "2.0.0",
+            "version": "3.0.0",
             "source": {
                 "type": "git",
                 "url": "https://git.drupalcode.org/project/allowed_formats.git",
-                "reference": "2.0.0"
+                "reference": "3.0.0"
             },
             "dist": {
                 "type": "zip",
-                "url": "https://ftp.drupal.org/files/projects/allowed_formats-2.0.0.zip",
-                "reference": "2.0.0",
-                "shasum": "ac6c6d398f303608ced7e9cd9d4556a728dc41f0"
+                "url": "https://ftp.drupal.org/files/projects/allowed_formats-3.0.0.zip",
+                "reference": "3.0.0",
+                "shasum": "1dad855db0e12fa3cdef8ca4e3bfc98f89090490"
             },
             "require": {
-                "drupal/core": "^9.2 || ^10"
+                "drupal/core": "^10.1"
+            },
+            "conflict": {
+                "drupal/core": "<10.1.0"
             },
             "type": "drupal-module",
             "extra": {
                 "drupal": {
-                    "version": "2.0.0",
-                    "datestamp": "1669170410",
+                    "version": "3.0.0",
+                    "datestamp": "1693983469",
                     "security-coverage": {
                         "status": "covered",
                         "message": "Covered by Drupal's security advisory policy"
@@ -2421,7 +2424,7 @@
                     "role": "Maintainer"
                 }
             ],
-            "description": "Limit which text formats are available for each field instance.",
+            "description": "Hides info about the selected text format. The 'allowed formats' functionality has been moved to core since Drupal 10.1.0.",
             "homepage": "https://www.drupal.org/project/allowed_formats",
             "support": {
                 "source": "http://cgit.drupalcode.org/allowed_formats",
@@ -2562,7 +2565,7 @@
                 "shasum": "5cda4ba5f9f5ed0a94914dc4a9bd501208ae553f"
             },
             "require": {
-                "drupal/core": "^9 || ^10"
+                "drupal/core": "^10"
             },
             "type": "drupal-module",
             "extra": {
@@ -3860,7 +3863,7 @@
                 "shasum": "fc8ea60619b6b4682bade340e13fb4565d3a7e0c"
             },
             "require": {
-                "drupal/core": "^9.1 || ^10"
+                "drupal/core": "^10"
             },
             "type": "drupal-module",
             "extra": {
diff --git a/config/field.field.paragraph.text.field_media_content_text.yml b/config/field.field.paragraph.text.field_media_content_text.yml
index a49e135..cc7d284 100644
--- a/config/field.field.paragraph.text.field_media_content_text.yml
+++ b/config/field.field.paragraph.text.field_media_content_text.yml
@@ -4,14 +4,10 @@ status: true
 dependencies:
   config:
     - field.storage.paragraph.field_media_content_text
+    - filter.format.filtered_html
     - paragraphs.paragraphs_type.text
   module:
-    - allowed_formats
     - text
-third_party_settings:
-  allowed_formats:
-    allowed_formats:
-      - filtered_html
 id: paragraph.text.field_media_content_text
 field_name: field_media_content_text
 entity_type: paragraph
@@ -22,5 +18,7 @@ required: true
 translatable: true
 default_value: {  }
 default_value_callback: ''
-settings: {  }
+settings:
+  allowed_formats:
+    - filtered_html
 field_type: text_long