Text can also be made transparent:
Select the shape and in the Format Shape dialog box, click Text Options then choose the A icon on the left (see picture) and set the text fill to whatever degree of transparency you like.
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How to show object behind text?
As-Is, text within shapes cannot be semi-transparent; for very visible comments but yet show content behind them.
My workaround is mulitple steps
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OK, but this isn't the same as your earlier example. If you have your Original stamp as a transparent PNG, you'd simply need to insert it wherever you like to get that effect.