This tutorial will show you how to create a text style like this one, using Adobe Photoshop.
Let’s start by creating a new document (size doesn’t really matter). Select the Text tool and choose a font and a color (I chose orange) for your text. Now type your text but between each letter enter a space. For example for this tutorial I typed C “space” O “space” O “space” L “space” “space” T “space” E “space” X “space” T
Hit Ctrl-J twice two duplicate your text layer two times. Now you shouls have three copies of the text layer.
Select the middle one and apply a stroke. In this case I used a 3pixels stroke but that depends on the size of the text and your own preference.
Select the bottom text layer, apply a stroke of a different color and make sure that the size of the stroke is bigger than that of the middle layer
You should now have something like that