But definitely they all take US currency. Helpful? The taxi fares are fix prices, the valet who puts you in the taxi will tell you what the fare to your destination will be.
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It's always advisable to bring money in a variety of forms when traveling: a mix of cash, credit cards, and traveler's checks. You should also exchange enough cash to cover airport incidentals, tipping, and transportation to your hotel before you leave home, or withdraw money upon arrival at an airport ATM.
You won't need water shoes most places on Grand Cayman, and certainly not in front of the Plantana. That is a good pick, BTW. Well-run place on a great part of the beach. Beach shoes are cheap and easy to pack.