WMS is not converted properly

[Riccardo Klinger]

I have a basic project - wms.zip

• containing a single WMS
  

this is not rendered properly in qgis:

Even when I reselect the EPSG code with 4326, I can't see the WMS in QGIS:

Network logger in QGIS 3.14 shows this as example:
curl 'http://ows.terrestris.de/osm/service?SERVICE=WMS&VERSION=1.1.1&REQUEST=GetMap&BBOX=63.14340104542608856,-56,180,-46.23376932412168117&SRS=CRS:84&WIDTH=536&HEIGHT=45&LAYERS=SRTM30-Colored&STYLES=&FORMAT=image/jpeg&DPI=192&MAP_RESOLUTION=192&FORMAT_OPTIONS=dpi:192' -H 'User-Agent: Mozilla/5.0 QGIS/31401' --compressed

[Nyall Dawson]

This is an upstream QGIS bug -- it will be fixed by qgis/QGIS#38213 .