I guess you can do that and that you will be able limp along. However, I have two considerations:
1) Why would you do this in the first place? What's the reason you only want to upgrade one instance?
2) If you read https://learn.microsoft.com/en-us/sql/database-engine/availability-groups/windows/basic-availability-groups-always-on-availability-groups?view=sql-server-ver15, you will find this passage: Basic availability groups are only supported for Standard Edition servers.
That sentence does not mean that it does not work, but you will be out in unknown lands, and if you run into trouble, Microsoft might just lean back in their chairs.
Also, keep in mind that you will need to limit the feature set to what works on Standard Edition. For instance, if you want to online index rebuilds, you can do this if the primary replica is on the node running Standard Edition.