Making translucent thin line borders

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final effect
1. Let’s first open a picture in photoshop:

2. Press Ctrl+A to select the entire picture, click "Select - Transform Selection" in the menu. After selecting, change the values ​​​​of W and H in the option bar above the picture from 100% to 92%, and then click on the right check mark to confirm.

3. After confirmation, we can use "Edit - Stroke" in the menu to draw the border:

The settings are as follows:

4. Press the Shift+Ctrl+I keys to invert the selection, that is, select the part outside the white line frame. Finally, make the outer circle darker and execute "Image"->"Adjustment"->"Brightness/Contrast". Then just follow the settings below.