[guided]The point of introducing $E_{a,b,p}$ is that this curve converts an arithmetic solution of the Fermat equation into an object governed by modularity theorems. We define the curve explicitly by
\begin{align*}
E_{a,b,p}: y^2 = x(x-a^p)(x+b^p).
\end{align*}
To see that this equation defines an elliptic curve over $\mathbb{Q}$, we check nonsingularity. The roots of the cubic polynomial $x(x-a^p)(x+b^p)$ are $0$, $a^p$, and $-b^p$. Since $a,b \in \mathbb{N}$, these three rational numbers are distinct. A Weierstrass equation of the form $y^2=(x-r_1)(x-r_2)(x-r_3)$ with distinct roots is nonsingular, so $E_{a,b,p}$ is an elliptic curve over $\mathbb{Q}$.
The semistability input is now one of the theorem's stated assumptions. It says: for every odd prime $p$ and every pairwise coprime positive integer solution $a,b,c \in \mathbb{N}$ of
\begin{align*}
a^p+b^p=c^p,
\end{align*}
the Frey curve $y^2=x(x-a^p)(x+b^p)$ is semistable over $\mathbb{Q}$. We verify each hypothesis in the present situation: $p$ is an odd prime by the reduction step, $a,b,c$ are positive integers, the equation above holds, and the previous step proved that $a,b,c$ are pairwise coprime. Therefore the semistability input applies and yields that $E_{a,b,p}$ is semistable over $\mathbb{Q}$.[/guided]