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Absolutely. Just use the Contract object, and give it the ERC-20 ABI, along with your token address and a provider (or a signer, for managing the asset).
An ERC-20 token is just a normal contract, nothing special is required to interact with one. The utils.parseUnits and utils.formatUnits also make it easy to convert between user input to safe values and from safe values to display logic. :)
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