Stencil buffer in Unreal Engine

[celebro011]

Hello everyone!
I’m switching from Unity to Unreal Engine. I trying to make a visual effect how it was shown in this video

[TUTORIAL] Stencil buffer in Unity URP (cutting holes, impossible geometry, magic card)

Please hint me how to make something similar in Unreal Engine.

[JPritchard1010]

Using Stencil buffer

Thanks a lot for the detailed explanation. But I have another question, how did you create a translucent material so that you have active inputs. With this type of material, my inputs are inactive