I\'m not sure if this has been asked before, but I\'m having a hard time finding it. Perhaps I\'m not using the right search terms, so if an answer already exists, if someone c
You should be able to use the mask property of CALayer to create a cutout of the contents of another layer.
mask
Set the mask to contain your text (maybe a CATextLayer can work here). This is what Shimmer says it uses.