Source

File: wp-includes/user.php

function wp_create_user( $username, $password, $email = '' ) {
	$user_login = wp_slash( $username );
	$user_email = wp_slash( $email );
	$user_pass  = $password;

	$userdata = compact( 'user_login', 'user_email', 'user_pass' );
	return wp_insert_user( $userdata );
}