Instagram now lets you add words on posts like Reels
Briefly

Instagram's new feature allows users to add customizable text and photo stickers directly on their posts, similar to editing in Reels, enhancing visual storytelling.
To use the new text tool, select your photo, tap the text button, and choose from various fonts, mimicking the ease of creating a Reel.
Currently, the feature lacks layer management like Reels, but Instagram hints that such capabilities may be introduced in future updates.
The update reflects Instagram's continuous evolution, adding features from other platforms while enhancing user creativity in sharing personal moments.
Read at Mashable
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