Tangency locus of a Steiner chain ($|z|=\sqrt{R\rho }$)

For a Steiner chain between concentric circles, tangencies of neighbouring circles are midpoints of their centres and lie on the circle of radius $\sqrt{R\rho }$. Under a Möbius transformation, their locus is a generalized circle, which may be a line. An ordinary-circle conclusion requires the pole of the inverse transformation to avoid the original locus.