It doesn't have browser support yet because it's WASI-based, so there are a few more steps compared to Emscripten (two different ways to build for WebAssembly). But networking is supposed to work, did you have trouble with it?
With RISC‑V emulation we get the virtual hardware components we need to boot Linux like MMU, registers etc. So a GCC WASM backend could definitely help, but I'm not sure it could replace the whole emulation layer.
[1]: https://www.phoronix.com/news/GCC-Steering-WebAssembly