Streaming

Does it play straight to the DAC?

Node 2 has digital outs so you can use your external dac.  You can use the analog and digital outs at the same time.  Connected to separate inputs on your preamp you can compare and enjoy a different experience between the two dacs.

I’m looking to deezer Hi-Fi in case Tidal goes belly up

What makes you think Tidal may go belly up?

A lot of things in the press notably financial issues are worrying for the longevity of Tidal as it stands under present ownership.
To the OP.
I have just ( 6 days ago) signed up for Deezer as an alternative to my Tidal as they were offering the first 3 months of premium+ at just $0.99 each month so a no brainer. So far I am pretty impressed, no they do not offer the MQA masters but at $9.99 regular they match Tidal regular 16/44 service with what seems to me at least a good as choice of music
.And they have a Pandora-esque feature called Flow that plays endlessly based on your tastes and saved favourites.
Give it a try via Bluesound Node 2 or Vault 2. Boht have digital outputs so bypassing their own built in DAC, which is how I use my Vault, digital coax sent to my Lyngdorf 2170