Fit Alignment Mode for Text Nodes?

Is there fit alignment node for gui text nodes, if so how I can assign it? If there is not, how can I implement something similar?

Do you mean text fitting its node size?
You can archive that by using resource.get_text_metrics(…) to measure its real size and then calculate its scale base on a ratio of real width / node width, kind of that

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But words cannot overflow to other lines… It would be very complicated. Does Defold support this?