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As shown here, the texture for my pistol is showing a white background in the HUD (PistolM) but not when in the hand (PistolD), despite the fact that they are the same sprite, and that the PNG and XNB for both files have transparent backgrounds.
Can you share the files so I can look into them?
I'm in the process of making a texture pack right now and none of the ~40 items I made so far display this behavior.
EDIT: Files have been exchanged over Discord. The process of editing, converting the textures to/from their XNB form or replacing them turned out to be faulty. Removing the files entirely, verifying file integrity on Steam, and replacing them again fixed the issue.