Step 1: Let the coordinates of the endpoints of the stick be determined.
Suppose the stick touches the coordinate axes at the points
\[
(a,0) \quad \text{and} \quad (0,b)
\]
Since the length of the stick is \(r\), using the distance formula we get
\[
\sqrt{a^2+b^2}=r
\]
Squaring both sides,
\[
a^2+b^2=r^2
\]
Step 2: Find the midpoint of the stick.
The midpoint of the stick is
\[
\left(\frac{a}{2},\frac{b}{2}\right)
\]
Let the midpoint be \((x,y)\). Then
\[
x=\frac{a}{2}, \qquad y=\frac{b}{2}
\]
Therefore,
\[
a=2x, \qquad b=2y
\]
Substituting these values into
\[
a^2+b^2=r^2
\]
we get
\[
(2x)^2+(2y)^2=r^2
\]
\[
4x^2+4y^2=r^2
\]
\[
x^2+y^2=\frac{r^2}{4}
\]
Thus, the locus of the midpoint is a circle centered at the origin with radius
\[
\frac{r}{2}
\]
Step 3: Find the length of the locus.
The circumference of a circle of radius \(\dfrac{r}{2}\) is
\[
2\pi \left(\frac{r}{2}\right)
\]
\[
=\pi r
\]
Hence, the required length of the curve is
\[
\pi r
\]
Step 4: Final conclusion.
Therefore, the required answer is
\[
\boxed{\pi r}
\]