Confusing - update channels

I am looking to do an upgrade from Admin UI.
This is a production environment, so I know I can safely ignore daily and beta.

But what is the difference between stable and production?

Thanks

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The production release channel is even more conservative and stability-oriented than the stable one:
https://nextcloud.com/release-channels/

And there is some discussion about it at the moment because it is not exactly clear when which version is in a specific channel:

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