Select Opaque / Add / Alpha / Clip Alpha
Note:
Opaque:
White letter and black background are rendered.
Add:
Anything with black isn't rendered.
Alpha (with Text button enabled):
The black background becomes the alpha channel
Clip Alpha (with Text button enabled):
Same as Alpha but tighter. Gets rid of blurred edges.
Button Windows menu >> Editing (F9)
Texture Face tab
Opaque / Add / Alpha / Clip Alpha buttons
Select one
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