Falk Franken
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In case anyone, like me, stumbles upon this because they have the same question. I just found the answer:
- Place text above rectangle
- Open Blending Options of text (by double clicking the layer or right click->blending options)
- Under Advanced Blending you’ll find the “Knockout” option:
- Set that to shallow (to knockout just the layer below)
- or deep (to knockout everything until it reveals the background layer)
- Reduce the fill opacity to 0%
done! Hope that can help someone 🙂