How to make transparent text in Photoshop?

Question

Adobe Photoshop

Good day. Please tell me how to make the text through transparency in Photoshop. Those. there is a first layer with a background (layer transparency 12%), there is a second layer with text (transparency 30%). I need to make the text visible not the background, but what is under it. I'm making a watermark for a website.

The first option is like I have now, but I need it like in the second option (for example, I just made white text without transparency, but it won’t work in pictures with a background).
Thanks in advance!

Answer 1

clipping mask

Answer 2

Make a finished watermark in one layer and overlay multi. And there is transparency to choose.