This is standard for newer UCE bikes in the US, I've seen it on many to one degree or another. The very large stock muffler contains a fair bit of back pressure and a catalytic converter. The exhaust gases don't usually go straight through a moto muffler, there's a twisted back and forth path inside most of the stock ones. This gives extra length to put in more baffles and pass the DOT noise tests. Some aftermarket mufflers are straight through, louder, and less restricitve.
All the turing directions and the smaller spots where the gasses pass through can concentrate the heat of the gases in that spot. Also, the catalytic converter needs to get hot to work efficiently. I suspect that area is either a turn point or strangualtion point, whether by intentional design to get hot for the cat or by error/compromise required in the design for another reason.
Either way, it gets hot enough to discolor the chrome there. You can spend many hours and try to polish it you. You may succeed, it will surely come back. Unless the chrome starts flaking off it's just a cosmetic issue. As mentioned, it's also common to get discoloration near the head where the gases come out super hot and immendiately get impede by a sharp turn. This is also the reason for the heat shield on the UCE muffler, it gets much hotter than older non cat equipped mufflers.
I think the new accessory EFI Silencer from CMW is smaller and freeer flowing so it's less likely to discolor or get hot enough to melt your boots near the pegs
Scott