URIError: Failed to decode param '/%PUBLIC_URL%/favicon-32x32.png'

Hi, I updated webpack to v4, and now having this error:

URIError: Failed to decode param '/%PUBLIC_URL%/favicon-32x32.png'

In my index html I have:
```

```

I've seen that now the order matters and declared the plugin after HtmlWebpackPlugin
```
plugins: [
new HtmlWebpackPlugin({
inject: true,
template: paths.appHtml
}),
new InterpolateHtmlPlugin({
PUBLIC_URL: ''
}),
...
```

What else am I missing?