BoredSysAdmin is correct about your Mac's combined audio/optical output.
You probably wouldn't want to use optical for an external DAC though. The optical-out on a Mac headphone jack is a one-way communication protocol port (output only, no input).
USB is two-way, which allows an external DAC to assume master clock duty.
It's good when the decoder/converter and the master clock are operating in close cooperation.
It's also good to leave DAC duties to offboard devices because background computer processes (video, file management, Ethernet, wifi) can interfere in clean and accurate clocking. After all, their primary purpose is computing not audio.