It is the letter Y rendered as the Unicode character 🇾 (code point U+1F1FE), part of the Regional Indicator styled alphabet. It is a single character you can copy and paste anywhere.
How do I type 🇾 on my phone or computer?
You do not type it from a keyboard; you copy it. Press the copy button above and paste it into any app. That is the whole point of Unicode styled letters.
Where can I use the Regional Indicator Y?
Anywhere text is accepted: Instagram bios, TikTok names, Discord, WhatsApp, gaming profiles and documents. The full Regional Indicator alphabet is linked above.