It doesn't translate to wasm text format, but to wasm binary format. The walt-compiler (https://github.com/ballercat/walt/tree/master/packages/walt-...) readme shows how to use it to compile text into a a buffer which you can write to disk or instantiate into a webassembly module.
It doesn't translate to wasm text format,
but to wasm binary format.
Oh, ok. That is interesting too. But I would have liked to build a tool where I type Walt on the left and see the resulting WASMtext on the right. So this seems to not be a solution for that.