Copy HTML content with Javascript, paste as formatted text

I have a field where a user can input raw HTML. This looks like:

<input type="text" id="editor" value="<p>Hi,</p><p>Here is a <a href='domain.com'>link</a> I'd like you to visit.</p>" />

Now, I need a "copy to clipboard" button that takes the content of this field in such a way that we can paste it as formatted text (without the HTML markup). In the example above, the copy/paste output should be:

Hi,

Here is a [link][1] I'd like you to visit.

I’ve implemented the "copy to clipboard" button like this:

let answer = document.getElementById("editor");
answer.select();
document.execCommand("copy");

This places the content of the input on the clipboard, however when I paste it elsewhere I get the raw HTML.

I need some way to convert HTML into formatted text, but the only solution I found is this and it doesn’t work for links:

enter link description here

Is there a native Javascript way to do this? If not, what is the best solution?