[step:Decompose the characteristic $p$ Hecke correspondence into Frobenius and Verschiebung components]Let $X_0(N,p)_{\mathbb{F}_p}$ denote the compactified special fibre of the modular correspondence whose open part is $Y_0(N,p)_{\mathbb{F}_p}$, with the two proper degeneracy maps to $X_0(N)_{\mathbb{F}_p}$ extending $\pi_1$ and $\pi_2$ across the cusps. We use the Deligne-Rapoport-Katz-Mazur description of this compactified special fibre: for $p \nmid N$, the correspondence cycle $X_0(N,p)_{\mathbb{F}_p}$ is the sum, with multiplicity one, of two copies of $X_0(N)_{\mathbb{F}_p}$, and their degeneracy maps are respectively the absolute Frobenius graph and the Verschiebung graph on $X_0(N)_{\mathbb{F}_p}$. This statement applies because the level $N$ is prime to $p$, so the $\Gamma_0(N)$-structure is finite étale in characteristic $p$, the Deligne-Rapoport integral model is regular at $p$, and the compactified degeneracy maps extend over the cusps; the theorem includes the supersingular points in the cycle identity, so no pointwise étale subgroup of $E[p]$ is being chosen there.
More explicitly, as correspondence cycles on $X_0(N)_{\mathbb{F}_p}$, the two components are
\begin{align*}
\Gamma_{F_p}
&=
\{(E,C_N,\ker(F_{E/\mathbb{F}_p}))\}, \\
\Gamma_{V_p}
&=
\text{the copy of } X_0(N)_{\mathbb{F}_p} \text{ whose degeneracy maps are } (V_p,\operatorname{id}).
\end{align*}
Here $F_{E/\mathbb{F}_p}: E \to E^{(p)}$ is the relative Frobenius isogeny, $\ker(F_{E/\mathbb{F}_p}) \subset E$ is its finite flat order-$p$ kernel, and $V_{E/\mathbb{F}_p}: E^{(p)} \to E$ is the Verschiebung isogeny dual to relative Frobenius. The notation for $\Gamma_{V_p}$ is a correspondence-cycle description, not a pointwise assertion that every elliptic curve in characteristic $p$ has an étale order-$p$ subgroup of $E[p]$.
On $\Gamma_{F_p}$, the quotient map
\begin{align*}
E &\to E/\ker(F_{E/\mathbb{F}_p})
\end{align*}
identifies with the relative Frobenius map
\begin{align*}
F_{E/\mathbb{F}_p}: E &\to E^{(p)}.
\end{align*}
Because the base field is $\mathbb{F}_p$, the Frobenius twist of $X_0(N)_{\mathbb{F}_p}$ is canonically identified with $X_0(N)_{\mathbb{F}_p}$, and this component induces the endomorphism $F_p$ on $J_0(N)_{\mathbb{F}_p}$.
On $\Gamma_{V_p}$, the second component is defined by the degeneracy maps encoded by Verschiebung. Under the same identification of Frobenius twists over $\mathbb{F}_p$, this correspondence component induces the Verschiebung endomorphism $V_p$ on $J_0(N)_{\mathbb{F}_p}$.
Therefore the reduced correspondence defining $T_p$ is the sum of the Frobenius and Verschiebung correspondences:
\begin{align*}
[X_0(N,p)_{\mathbb{F}_p}]
=
[\Gamma_{F_p}] + [\Gamma_{V_p}]
\end{align*}
as correspondences on $X_0(N)_{\mathbb{F}_p}$.[/step]