I don’t often see Ustulina deusta on the trees where I work. Perhaps this is because they are all generally rather young (most not older that 55-60 years of age). However, given the number of chestnuts (Aesculus spp.) there are in the area, all of which are beginning to mature (or are already mature), there will likely be an increase in emergence of this fungus over the coming decade or three. Of course, there is the possibility that the fungus is already present, but simply not producing sporophores, which would align somewhat with this study from Finland. Regardless, I did spot some of this fungus on a horse chestnut, which exists as part of a longer avenue of chestnuts. Therefore, it is perhaps very likely others are also being decayed by Ustulina deusta, as they have suffered near identical basal damage over the years from construction and grass cutting. Outwardly however, no other tree in the avenue shows signs of overt decay (ascertained by the presence of sporophores).
Time for some images, as always.