Understanding the distance-from-the-origin formula in the Poincaré disk

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The Poincare disk is $\{ z \in \mathbb{C} : |z|<1 \}$ and the hyperbolic distance from the origin is given by $\rho = 2 \tanh^{-1}(r)$ where $r$ is the Euclidean distance between the point and the origin.

In most references I have come across, this is just given as a definition. I would like a more intuitive understanding about where it comes from.

Presumably we should be able to see a metric induced on the Poincare disk as a result of the stereographic projection of the hyperboloid? Is this the correct idea?