Yep, although (at least in my experience) it's not enabled by default. I also learnt about VoWiFi (also called "WiFi Calling") that allows you using WiFi for calling, including when you're abroad or you don't even have phone signal.
Support for VoWiFi is a bit weird. Some operators don't allow it outside of your region (for example, the EU), some others will allow it and even bill you as if it were a local call made from your country.
Also, although it's in theory made only for working through WiFi, seems like if you have a second SIM or eSIM with a data plan (for example, a travel SIM local for the country you're on vacations) and some combination of phone and/or operators, it can use the second SIM as the data provider for WiFi Calling.
For the major US carriers, since they shut down 3G, VoLTE is the only way calls work. Which meant that a non-VoLTE-but-4G-capable device can no longer make 911 calls.
I was using a Samsung S5 running LineageOS for a while with Google voice for calls, but the no 911 thing is one of the main reasons I finally moved to a different phone. The S5 supports VoLTE but only with stock firmware.