Why you'd think that? It's assembly meant to run on a virtual machine in browsers. The textual representation is similar to your normal assembly code, albeit a bit more high-level.
Open and debuggable
WebAssembly is designed to be pretty-printed in a textual format for debugging, testing, experimenting, optimizing, learning, teaching, and writing programs by hand. The textual format will be used when viewing the source of Wasm modules on the web.
Will WebAssembly support View Source on the Web?
Yes! WebAssembly defines a text format to be rendered when developers view the source of a WebAssembly module in any developer tool. Also, a specific goal of the text format is to allow developers to write WebAssembly modules by hand for testing, experimenting, optimizing, learning and teaching purposes. In fact, by dropping all the coercions required by asm.js validation, the WebAssembly text format should be much more natural to read and write than asm.js. Outside the browser, command-line and online tools that convert between text and binary will also be made readily available. Lastly, a scalable form of source maps is also being considered as part of the WebAssembly tooling story.