Most DACs only need to operate at USB 1.1
That is plenty fast enough - at up to 12Mbps - for 16bit/44.1khz iTunes lossless. (An example is a lossless track I recorded the other which plays at 1.4 Mbps) I assume it is fast enough for the other 16/44 lossless formats. (DACs that can operate 24/96 on USB presumably use USB 2.0)
When I got the Beresford it was because I needed optical from my DVD/HDD/Freeview recorder and USB for my laptop.
However, I took the opportunity to compare both USB and optical (from an iMac 20" using AIFF tracks ripped losslessly from an excellent MSFL Gold CD of Roy Orbison's greatest hits specially for the test). It cost me £4.99 for a Toslink mini jack adaptor from the local Sony shop!
Anyway, the upshot of my test was that there was no perceptible difference (to me).
Good job really, as I never intended to use my iMac or optical for this purpose. (I had to bring the iMac in from another room where it normally lives.) I just wanted to know.
Some adherents of a certain
American valve DAC company swear by the superiority of USB.
I just enjoy having the convenience of both and the knowledge that (to my ears) both USB and optical sound as good.