Steps to replicate the issue (include links if applicable):
Compare
https://en.wikipedia.org/w/index.php?title=American_tea_culture&oldid=1229379739&useparsoid=0#References
and
https://en.wikipedia.org/w/index.php?title=American_tea_culture&oldid=1229379739&useparsoid=1#References
What happens?:
The Parsoid version's link is escaped and shows the HTML string instead
What should have happened instead?:
The Parsoid version should display a link like the legacy version