That would suggest (again IIUC) Graal/Truffle as a mechanism for using the JVM as a WebAssembly runtime. The WebAssembly format and its associated environment/binding system are a portable way to encode C binaries, with significant benefits over JVM bytecode- that's probably the comparison I should have made.
But I wasn't comparing to WebAssembly, so you'll need to argue that point with someone else.
You could build a WebAssembly interpreter on Truffle, yes. I'm not sure anyone's tried it yet so that project is available.
Do you have a source for this? I'm sure it's theoretically possible in a Turing-completeness sense, but considering Java lacks any concept whatsoever of a pointer, and considering that most (if not effectively all) C code uses pointers pretty extensively, I find it unlikely that this statement is meaningfully true without some severe efficiency penalties.
I use it to run unmodified C extensions for the Ruby programming language on top of the JVM.
Truffle C is another example https://www.manuelrigger.at/downloads/trufflec_thesis.pdf.
You can run all those languages on top of the JVM!
The JVM also runs many other languages which weren't designed for it, like Ruby and Python.