Firebase Authentication Security question

Question

I use Google's reference for Email/Password authentication https://firebase.google.com/docs/auth/web/password-auth?authuser=0#web-version-9 in my React - Redux - Saga project.

Is it okay, that Firebase's createUserWithEmailAndPassword() function takes in password value as the third argument?

My Firebase code looks like this:

export const fbSignUp = async (email: string, password: string) => {
  try {
    const newUser = await createUserWithEmailAndPassword(auth, email, password);

    await setDoc(doc(db, "users", newUser.user.uid), {
      email,
    });
  } catch (error: any) {
    alert(error.message);
  }
};

In my input element I set type attribute to Password, but when I console.log(password) in the function above, it displays it in a raw style (without any coding or encryption).